India needs to spend more on road sector, says NHAI

New Delhi, March 21 | Updated: Mar 22 2006, 05:30am hrs
India will have to step up road infrastructure spending from current Rs 6,000 crore to Rs 25,000 crore annually to meet its ambitious highway development programme, a top official of National Highways Authority of India (NHAI) said on Tuesday.

Delivering his address at the first two-day regional conference on Business and Environment for Future Road Development in India, G Sharan, NHAI member, technical, said private participation, both from India and abroad, would have to be roped in to meet the surging investment demands in the countrys highway projects.

Estimating the investment requirement in the sector, Sharan said the country would require more than Rs 1,85,000 crore by 2012 if it were to meet the goals set for the NHDP and special accelerated road development programme (SARDP) for the North-east.