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  1. Around Rs 7 lakh cr to be spent on building roads by 2021-22

Around Rs 7 lakh cr to be spent on building roads by 2021-22

It would cost around Rs 7 lakh crore for development of national highways and other roads under various government schemes and proposed Phase-I of Bharatmala programme upto 2021-22.

By: | New Delhi | Published: July 25, 2017 12:34 AM
building roads, building roads in India, Bharatmala programme, Mansukh Lal Mandaviya, national highway, national highways in INida, monetisation of national highways, NHAI The money would come from Gross Budgetary Support including national highway share of Central Road Fund cess, toll remittance and others. (Image: PTI)

It would cost around Rs 7 lakh crore for development of national highways and other roads under various government schemes and proposed Phase-I of Bharatmala programme up to 2021-22, Parliament was told on Monday. “The estimated fund requirement for development of national highways/roads under various schemes and proposed Phase-I of Bharatmala Pariyojana is about Rs 6,92,324 crore upto Financial Year 2021-22,” Minister of State for Road Transport and Highways Mansukh Lal Mandaviya told the Rajya Sabha in a written reply.

He said the money would come from Gross Budgetary Support including national highway share of Central Road Fund cess, toll remittance, expected monetisation of national highways through Toll-Operate-Transfer route, market borrowings by National Highways Authority of India (NHAI) and private sector investment.

“The estimated share of private sector investment and expected monetization through Toll-Operate-Transfer route during this period are about Rs 1,06,000 crore and about Rs 34,000 crore respectively; which together form about 20.22 percent of total estimated fund requirement of Rs 6,92,324 crore,” he said.

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