Road building gets priority with Rs 97k cr

Road building gets priority with Rs 97k cr

Finance Minister Arun Jaitley has announced an outlay of Rs 97,000 crore for building national highways and rural roads.

The government is planning to construct over 2.23 lakh km roads to connect 65,000 habitations by 2019.  

“I have proposed an allocation of Rs 55,000 crore in the Budget for Roads and Highways. This will be further topped up by additional Rs 15,000 crore to be raised by NHAI through bonds. Thus, the total investment in the road sector, including PMGSY (Prime Minister Gram Sadak Yojna) allocation, would be Rs 97,000 crore during 2016-17,” Jaitley said.

The country’s longest distance of new highways were awarded in 2015. At the same time, the highest ever production of motor vehicles was achieved in 2015.

Elated with massive allocation, Road Transport Minister Nitin Gadkari told reporters that his ministry would upgrade 50,000 km of state highways into national highways, rolling out of 85 per cent of the stuck Rs 1 lakh crore projects and construction and award of 10,000 km roads each in the coming fiscal.

He said the government expect to approve nearly 10,000 km of National Highways in 2016-17 which will be much higher than in the two previous years. Gadkari also announced the government’s plan to end the permit raj and bring reforms in the transport sector to promote investment.

Jaitley also allocated allocation for Rs 19,000 crore in 2016-17 for the PMGSY scheme.

 

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