"We will probably start work on Meghalaya to Myanmar project from next month. The cost of the project is Rs 5,000 crore," Mr Gadkari told reporters today on the sidelines of a programme here.
India, Thailand and Myanmar are working on a 1,400 km long highway that would link the country with Southeast Asia by land, which would give a boost to trade, business, health, education and tourism among the countries.
Addressing a meet on 'the green ports and oil spill management" here, Mr Gadkari said the government is planning a waterway connectivity up to Myanmar via Bangladesh using Brahmaputra river.
"Waterways are more cost effective than roads and railways and so any goods required to be traded to Myanmar or Bangladesh could be done in a very cost effective manner. This will finish before 2018," he said.
With the Cabinet approving Rs 2,000 crore from a central fund for development of water transport, operationalising at least 10 of the 111 national waterways by next year is on top of the government's agenda.
Massive work worth Rs 5,000 crore is already underway on Ganga (1,620 km), with World Bank assistance, which is the National Waterway No 1.
The work includes development of three multi-modal hubs at Varanasi in Uttar Pradesh, Haldia in West Bengal and Sahebganj in Bihar.
Pitching for environment-friendly initiatives, Mr Gadkari said that the country could be flooded with electric commercial and passenger vehicles by December as a move to curb dependence on crude oil and cut emissions.
He noted that India needs to encourage electric as well as bio-diesel and ethanol-fuelled vehicles.
On concerns on lack of infrastructure for charging electric vehicles, the minister said "the technology is there and if we have more vehicles we will get more charging stations."
Nagpur has earned the distinction of becoming the country's first city with a fleet of 200 electric vehicles, including taxis, buses, e-rickshaw and autos.
Mr Gadkari also suggested that shipping corporations should explore use of liquefied natural gas (LNG) as an alternative source of fuel to save on costs.
The minister also said he would discuss lowering the goods and services tax (GST) rates on hybrid vehicles with the finance ministry.
Under the GST rates, hybrid cars, which are considered eco-friendly, are slated to attract a 15 per cent cess over and above peak rate of 28 per cent, same as those of large luxury cars and sports utility vehicles (SUVs).