RoadMin aims to spend over 90% capex by Dec

25 Jul 2023 CW Team

The Road Transport and Highways Ministry aims to spend over 90% of its Rs 2.59 lakh crore capital expenditure (capex) earmarked in Budget 2023-24 by December 2023. This expenditure will be for developing roads across the country with an aim to complete 310 National Highways (NH) projects by the end of the calendar year.

Sector watchers say the months following December 2023 would see a slowing down of construction activity with the model code of conduct coming into force in a year of assembly and parliamentary elections.

"The aim is to achieve 91% gross budgetary support capital expenditure by December 2023," a senior official said.

According to government estimates, Rs 99,273 crore was spent as capex in the first three months of the current financial year, slightly down from Rs 1.02 lakh crore in the same months of the previous fiscal.

Of this, Rs 79,015 crore was spent this year under the Bharatmala Pariyojana, the flagship highway creation programme of the centre. This resulted in 2,250 km of highways being built in the country between April-June 2023, up from 1,977 km in the April-June 2022 period. Award of highways stood at 611 km during the months under review, down from 969 km in the comparable period of the last fiscal.

Infrastructure Transport

07 Apr 2026

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Gujarat Pushes Biogas Growth With 193 Operational Units

Gujarat has operationalised 193 biogas plants across the state and is planning to add 60 more units as part of a broader push to scale up clean and sustainable energy solutions. The existing plants, established under various government-supported schemes, process organic waste including cattle dung and agricultural residue to produce biogas and a nutrient-rich slurry. The output is mainly used for cooking and other energy needs in rural and semi-urban communities, while also improving local waste management practices. The Gujarat Energy Development Agency (GEDA) is leading the initiative and is..