Road Ministry to Award Rs.3 Lakh Crore in Contracts in 3 Months

06 Aug 2024 CW Team

India's Road Transport and Highways Ministry is set to award contracts exceeding ?3 lakh crore within the next three months. This significant move aims to accelerate infrastructure development and boost the country's road network.

The planned contracts cover a broad spectrum of road projects, including the construction of highways, expressways, and other critical infrastructure. The initiative is expected to enhance connectivity, reduce travel times, and support economic growth by improving transportation efficiency across the country.

Union Minister Nitin Gadkari highlighted that this aggressive push is part of a broader strategy to address road infrastructure deficiencies and facilitate smoother transportation. By awarding these contracts promptly, the ministry aims to generate substantial employment opportunities and stimulate growth in the construction and related sectors.

The swift award of these contracts is also expected to bolster investor confidence and attract further investment in India's infrastructure development. The move underscores the government's commitment to upgrading the nation's road infrastructure and achieving key milestones in national development plans.

Overall, this ambitious plan reflects a proactive approach to infrastructure enhancement, aiming to significantly improve India's road network and contribute to the country's economic advancement.

Infrastructure Transport

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