Elevated funding to accelerate road projects

05 Feb 2024 CW Team

The experts have stated that the 2.7% increase in the budgetary allocation for road transport and highways, though relatively small, is based on a high existing allocation. They have mentioned that this increase will be dedicated to ongoing projects, while fresh developments are anticipated to come from the private sector, as envisioned by the government.

In the interim budget presented, Finance Minister Nirmala Sitharaman allocated Rs 2.78 trillion for roads, transport, and highways. This is in comparison to the Rs 2.70 trillion allocated in FY24, which was later revised to Rs 2.76 trillion.

Vinayak Chatterjee, the founder of The Infravision Foundation, commented that the increment in the allocation for the road sector, though modest, aligns with the overall trend of increased allocation for infrastructure. He mentioned that with the National Highways Authority of India (NHAI) facing constraints in raising further debt, the final budget is expected to substantially increase outlays, leveraging economic growth through robust infrastructure development.

Jagannarayan Padmanabhan, Senior Director at CRISIL Market Intelligence and Analytics, added that the marginal increase in the budgetary allocation for the road sector is on a high existing base, and a significant portion of it is committed to existing projects.

He further stated, "Looking ahead, the government's emphasis will be on initiating new projects in the build-operate-transfer (BOT) and public-private-partnership (PPP) mode to attract private sector investments." Additionally, he highlighted that asset monetization will continue to play a crucial role for the government in raising capital.

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..