+
MoRTH to cross Rs 1.5 lakh crore funding mark
ECONOMY & POLICY

MoRTH to cross Rs 1.5 lakh crore funding mark

The Ministry of Road Transport and Highways (MoRTH) will obtain a record high allocation in the forthcoming Union budget, with the planned capital outlay likely to touch the Rs 1.5 lakh crore mark.

It would be the highest ever allocation for the ministry yet. On February 1, Finance Minister Nirmala Sitharaman is scheduled to submit the Budget for the financial year 2022-23.

In FY22, the capital outlay for MoRTH was Rs 1.18 lakh crore. In the financial year 2022-23, the outlay may be Rs 1.8 lakh crore, crossing the Rs 1.5 lakh crore mark for the first time.

The development comes amid work going on the central government’s ambitious umbrella highway development scheme - Bharatmala Pariyojana Phase-I. The integrated project comprises construction of approximately 26,000 km length of economic corridors the North-South and East-West (NS-EW) and Golden Quadrilateral (GQ) strived to ease movement of freight traffic in the nation.

Several greenfield expressways and other road projects are being planned in the poll-bound states such as Punjab, Uttarakhand, Goa, Uttar Pradesh. Thus, these projects in these states are additionally likely to be specified in the Union budget in 2022.

The rise in budget allocation for the ministry is meaningful as the government plans to implement infrastructure projects of Rs 7 lakh crore over the coming 2-3 years. Nearly 8,400 km of greenfield expressways are being constructed as part of the Bharatmala Pariyojana initiative. The projects including a length of 19,265 km have been granted for Rs. 5,60,216 crore. Of which, approximately 6,750 km has been achieved.

According to the ministry data, approximately 4,076 man-days or nearly 15.5 man-years of employment is needed for the construction of one kilometre of the national highway. It means it would take approximately 14.2 crore man-days or 5.37 lakh man-years of employment for the execution of Bharatmala Pariyojana.

Image Source

The Ministry of Road Transport and Highways (MoRTH) will obtain a record high allocation in the forthcoming Union budget, with the planned capital outlay likely to touch the Rs 1.5 lakh crore mark. It would be the highest ever allocation for the ministry yet. On February 1, Finance Minister Nirmala Sitharaman is scheduled to submit the Budget for the financial year 2022-23. In FY22, the capital outlay for MoRTH was Rs 1.18 lakh crore. In the financial year 2022-23, the outlay may be Rs 1.8 lakh crore, crossing the Rs 1.5 lakh crore mark for the first time. The development comes amid work going on the central government’s ambitious umbrella highway development scheme - Bharatmala Pariyojana Phase-I. The integrated project comprises construction of approximately 26,000 km length of economic corridors the North-South and East-West (NS-EW) and Golden Quadrilateral (GQ) strived to ease movement of freight traffic in the nation. Several greenfield expressways and other road projects are being planned in the poll-bound states such as Punjab, Uttarakhand, Goa, Uttar Pradesh. Thus, these projects in these states are additionally likely to be specified in the Union budget in 2022. The rise in budget allocation for the ministry is meaningful as the government plans to implement infrastructure projects of Rs 7 lakh crore over the coming 2-3 years. Nearly 8,400 km of greenfield expressways are being constructed as part of the Bharatmala Pariyojana initiative. The projects including a length of 19,265 km have been granted for Rs. 5,60,216 crore. Of which, approximately 6,750 km has been achieved. According to the ministry data, approximately 4,076 man-days or nearly 15.5 man-years of employment is needed for the construction of one kilometre of the national highway. It means it would take approximately 14.2 crore man-days or 5.37 lakh man-years of employment for the execution of Bharatmala Pariyojana. Image Source

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code