Road Ministry Achieves Record High Capex Utilisation

12 Apr 2024 CW Team

The Ministry of Road Transport and Highways has achieved a remarkable feat in fiscal year 2024, with capital expenditure (capex) utilisation closing at a record-high of 99.93%. This achievement underscores the government's commitment to infrastructure development and efficient fund utilisation. The robust utilisation of funds reflects the ministry's dedication to accelerating road construction and improving connectivity across the country.

The Road Ministry's relentless efforts and streamlined processes have contributed to the unprecedented utilisation of allocated funds. The significant progress in capex utilisation indicates efficient project implementation and effective management of resources. This accomplishment is a testament to the ministry's focus on enhancing infrastructure and facilitating economic growth through improved connectivity.

The record-high capex utilisation in FY24 reaffirms the government's resolve to prioritise infrastructure development as a key driver of economic progress. Investments in road infrastructure not only stimulate economic activity but also create employment opportunities and improve accessibility for citizens. The Road Ministry's success in maximising fund utilisation demonstrates its commitment to delivering tangible outcomes and achieving developmental goals.

With the achievement of nearly 100% capex utilisation, the Road Ministry sets a benchmark for efficient financial management and project execution in the infrastructure sector. The record-breaking performance is expected to further bolster confidence among stakeholders and pave the way for continued investments in road infrastructure to sustain economic growth and development.

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