CM Yogi Adityanath makes big infrastructural push, asks for Rs 13,600 crore loan from Centre for roads, bridges, e-way in Uttar Pradesh

By: |
New Delhi | Published: June 13, 2017 9:45:06 PM

Adityanath has demanded Rs 2,600 crore loan for roads, Rs 1,000 crore for bridges, Rs 2,500 crore for greenfield express-way between Lucknow and Ballia, Rs 3,000 crore for housing under Pradhan Mantri Awas Yojana (PMAY-Gramin) and Rs 1,000 crore for PMAY-Urban, among others.

adityanath, ifrastructure, adityanath rs 13600 crore loan, adityanath loan rs 13000 crore, yogi adityanth loan amountA Rs 7,000 crore loan is likely to be sanctioned soon to start with. (PTI)

Chief Minister Yogi Adityanath-led Uttar Pradesh government on Tuesday sought a loan of Rs 13,600 crore from the Housing and Urban Development Corporation (HUDCO) for developing infrastructure in state. A Press Trust of India report said that Uttar Pradesh Finance Minister Rajesh Agarwal met Union Housing and Urban Poverty Alleviation (HUPA) Minister M Venkaiah Naidu, and handed over a letter written by the Chief Minister Adityanath, seeking the loan. As per the report, the chief minister has demanded Rs 2,600 crore loan for roads, Rs 1,000 crore for bridges, Rs 2,500 crore for greenfield express-way between Lucknow and Ballia, Rs 3,000 crore for housing under Pradhan Mantri Awas Yojana (PMAY-Gramin) and Rs 1,000 crore for PMAY-Urban, among others. Venkaiah Naidu, the Minister for  HUPA, has asked ministry officials to deal with the proposal with speed and efficiency. A Rs 7,000 crore loan is likely to be sanctioned soon to start with, the release said. Naidu also asked the state-run National Building Construction Corporation (NBCC) to send a team to the state to explore the possibility of revenue generation for the Uttar Pradesh government through monetisation of land at different places. Earlier on Monday, Adityanath had met Union Minister of Road Transport and Highways Minister Nitin Gadkari, seeking measures for better roads in the state. “We have been assured 73 State Highways will be converted into National Highways,” he said after meeting the minister.

Adityanath further thanked Narendra Modi government for clearing so many schemes for Uttar Pradesh. “First time so many schemes have been cleared which include around Rs 10,000 crore from Central Road Fund for construction of roads,” Adityanath said.

In the same meeting, Gadkari vowed to make possible waterway travel from Varanasi to Allahabad before 2019 Kumbh mela. “We will make sure that people can travel from Varanasi to Allahabad through waterways in 2019 Kumbh,” Gadkari was quoted as saying by ANI.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Next Stories
1Cooling food inflation to pull June CPI to sub-2%: BofAML
2Urbanites cheer, farmers shed tears as falling food prices pull inflation lower
3Lower GST on job work of textile yarn to help SMEs: CITI