Budget 2023: A 25% increase in funding for road construction

19 Jan 2023 CW Team

In 2023–2024, the Ministry of Road Transport and Highways (MoRTH) is anticipated to receive a budgetary allocation of over Rs 2.5 lakh trillion, which is approximately 25% more than the current fiscal.

The government will need to accelerate construction by about 30% in order to reach the 25,000 km goal for highway development by the end of FY 2023–2024, which will necessitate additional budgetary support./p>

The ministry received Rs 1.18 trillion in the previous fiscal year and Rs 1.99 trillion this year./p>

The MoRTH and the National Highways Authority of India (NHAI) did not respond to questions made to them as of the time of publication./p>

To assist MoRTH and the NHAI reach the target despite growing interest rates and rising land acquisition expenses, more budgetary allocations are also required./p>

By February, the allocated funds for FY2023 are anticipated to be used up. Even greater fiscal support would be necessary to prevent this from happening the next year./p>

Also read:
Centre approves over Rs 174 crore for NH Project in Odisha
Blackspots on national highways being addressed by NHAI

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..