+
Anticipated surge in road budget signals infrastructure boost
ROADS & HIGHWAYS

Anticipated surge in road budget signals infrastructure boost

The government proposes to remain focused on rapid infrastructure growth in the next financial year and may even allow another big increase of 20-25% in capex allocations for the roads ministry in order to speed up road construction.

A substantial portion of higher allocation would also go toward meeting the capital expenditure of the National Highways Authority of India (NHAI), which, having been put on a moratorium for market borrowings for the past couple of years, is now being funded entirely by the government.

A 25% increase in capex for ministry of road transport and highways (MoRTH) will take its budget to over Rs 3.2 trillion, the highest-ever.

This would allow it to build more greenfield highways and expressways, giving a leg-up to transport infrastructure that is key to propelling economic growth.

The higher capex for the roads ministry may be announced in the interim budget to be presented in Parliament in February, adding that MoRTH has already indicated the numbers in its pre-budget consultations.

The government proposes to remain focused on rapid infrastructure growth in the next financial year and may even allow another big increase of 20-25% in capex allocations for the roads ministry in order to speed up road construction. A substantial portion of higher allocation would also go toward meeting the capital expenditure of the National Highways Authority of India (NHAI), which, having been put on a moratorium for market borrowings for the past couple of years, is now being funded entirely by the government. A 25% increase in capex for ministry of road transport and highways (MoRTH) will take its budget to over Rs 3.2 trillion, the highest-ever. This would allow it to build more greenfield highways and expressways, giving a leg-up to transport infrastructure that is key to propelling economic growth. The higher capex for the roads ministry may be announced in the interim budget to be presented in Parliament in February, adding that MoRTH has already indicated the numbers in its pre-budget consultations.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Next Story
Infrastructure Transport

First TBM Starts Digging Five Point Three Kilometre Tunnel Under SGNP

The Goregaon-Mulund Link Road (GMLR) Phase three (B) project has reached a key milestone as the first tunnel boring machine (TBM) began excavation of the first of two tunnels beneath the Sanjay Gandhi National Park (SGNP). The machine, named Tulsi, started cutting a five point three kilometre bore that will link Dadasaheb Phalke Chitranagari in Goregaon East with Amar Nagar in Mulund West. Officials issued a statement noting the commencement of tunnelling work under the protected green belt. The twin tunnels are being constructed using mechanised tunnelling methods that aim to limit surface di..

Next Story
Infrastructure Transport

UP Approves Two Expressways And Rs 240 bn Infrastructure Push

The Uttar Pradesh Cabinet approved a series of infrastructure and industrial investment proposals totalling Rs 240 billion (Rs 240 bn), including two major expressway projects, a manufacturing and logistics cluster in Sultanpur and incentives for 11 industrial projects across the state. The decisions, taken at a meeting chaired by Chief Minister Yogi Adityanath, underline the state government’s focus on expanding road connectivity around emerging industrial hubs while attracting manufacturing investment to districts beyond major urban centres. The approvals cover both greenfield expressway c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code