+
Budget 2021-22 for infra and construction: A snapshot
ECONOMY & POLICY

Budget 2021-22 for infra and construction: A snapshot

Union Budget 2021-22 highlighted infrastructure and healthcare as the biggest gainers. An "infra-nirbhar” budget aims at indigenous manufacture of infrastructure equipment and products.

The finance minister focused this year’s budget to infrastructure development which received the much-needed impetus. The government allocated 34.5% more than last year to infrastructure development giving emphasis to roads and highways, railways, urban infrastructure, power, port, shipping, and airways.

Here is a graphical snapshot of Union Budget 2021-22 for infrastructure and construction:

The Finance Minister stated six pillars that are the premise for the various Budget outlays in 2021-22:

1. Physical and financial capital, and infrastructure
2. Health and well-being
3. Inclusive development
4. Innovation and R&D
5. Reinvigorating human capital
6. Minimum Government and Maximum Governance

Healthcare infrastructure received a record outlay of Rs 64,100 crore, including an allocation for new schemes such as PM Atmanirbhar Swasth Bharat Yojana and Urban Jal Jeevan Mission.

The National Infrastructure Pipeline, which was launched with 6,835 projects, has now expanded to 7,400 projects, with 217 projects worth Rs 1.10 trillion completed.

Jal Jeevan Urban Mission, with an outlay of Rs 2.87 lakh crore to be launched. Tap connection to 2.86 crore houses and universal water supply for 4,378 local bodies has been promised.

Three new dedicated freight corridors—East-Coast Corridor, East-West Sub Corridor and North-South Corridor—are expected to see investments of about Rs 2.17 lakh crore.

New economic corridors will see a total outlay of Rs 5.35 lakh crore, with an overwhelming emphasis on states that are heading into elections this year—Assam, Kerala, Tamil Nadu and West Bengal.

Asset monetisation plan for public infrastructure which will help the government raise revenue. A National Monetisation Pipeline for potential brownfield infrastructure assets will be launched.

Also Read:
Infra budget sought, infra budget granted
Govt reveals core sector growth rates
Industry reacts to Budget 2021-22
What the Budget holds for us: A webinar

Union Budget 2021-22 highlighted infrastructure and healthcare as the biggest gainers. An infra-nirbhar” budget aims at indigenous manufacture of infrastructure equipment and products. The finance minister focused this year’s budget to infrastructure development which received the much-needed impetus. The government allocated 34.5% more than last year to infrastructure development giving emphasis to roads and highways, railways, urban infrastructure, power, port, shipping, and airways. Here is a graphical snapshot of Union Budget 2021-22 for infrastructure and construction: The Finance Minister stated six pillars that are the premise for the various Budget outlays in 2021-22: 1. Physical and financial capital, and infrastructure 2. Health and well-being 3. Inclusive development 4. Innovation and R&D 5. Reinvigorating human capital 6. Minimum Government and Maximum Governance Healthcare infrastructure received a record outlay of Rs 64,100 crore, including an allocation for new schemes such as PM Atmanirbhar Swasth Bharat Yojana and Urban Jal Jeevan Mission. The National Infrastructure Pipeline, which was launched with 6,835 projects, has now expanded to 7,400 projects, with 217 projects worth Rs 1.10 trillion completed. Jal Jeevan Urban Mission, with an outlay of Rs 2.87 lakh crore to be launched. Tap connection to 2.86 crore houses and universal water supply for 4,378 local bodies has been promised. Three new dedicated freight corridors—East-Coast Corridor, East-West Sub Corridor and North-South Corridor—are expected to see investments of about Rs 2.17 lakh crore. New economic corridors will see a total outlay of Rs 5.35 lakh crore, with an overwhelming emphasis on states that are heading into elections this year—Assam, Kerala, Tamil Nadu and West Bengal. Asset monetisation plan for public infrastructure which will help the government raise revenue. A National Monetisation Pipeline for potential brownfield infrastructure assets will be launched. Also Read: Infra budget sought, infra budget granted Govt reveals core sector growth rates Industry reacts to Budget 2021-22 What the Budget holds for us: A webinar

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train’s Surat-Vapi Section Set for 2027

The first section of the Mumbai-Ahmedabad Bullet Train corridor, linking Surat and Vapi, is targeted to begin services in 2027. Construction is expected to be completed by December 2026, while Railway Minister Ashwini Vaishnaw has indicated that an inauguration could take place around the middle of 2027. The National High Speed Rail Corporation (NHSRCL) said the train being manufactured in India is expected to reach the tracks around April or May 2027. The train will undergo extensive testing before the section is opened for passenger services. The project began construction in 2021 and includ..

Next Story
Infrastructure Transport

Indian Railways Approves Four Projects Worth Rs. 7.36 bn Across Four States

Indian Railways has approved four projects with a combined value of Rs. 7.36 bn across Uttar Pradesh, Maharashtra, Andhra Pradesh and Gujarat. The programme covers train protection, signalling, electric traction supply and a road overbridge, with each project assigned to a different railway zone. In Uttar Pradesh, Rs. 2.52 bn has been approved to extend the Kavach 4.0 automatic train protection system across 607.7 km in the Lucknow Division of North Eastern Railway. The system monitors train movements and can apply the brakes if a driver fails to observe a signal or exceeds a safe speed. The w..

Next Story
Infrastructure Urban

Chandru Raheja Sells 1.49% Stake in Mindspace REIT for Rs. 5 bn

Billionaire Chandru Lachmandas Raheja has sold a 1.49 per cent holding in Mindspace Business Parks REIT for Rs. 5 bn through a bulk deal on the BSE. The transaction involved 9.9 mn units and was executed at an average price of Rs. 505 per unit, according to exchange data. Following the sale, units of Mindspace Business Parks REIT were trading 0.18 per cent lower at Rs. 504.05 on Tuesday. Exchange data did not identify the buyers involved in the transaction. Raheja is the chairman of real estate company K Raheja Corp. The sale involved 99,00,990 units, representing 1.49 per cent of the Mumbai-b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code