The government has allocated Rs 4.6 lakh crore the roads and shipping projects across the country, Union Roads & Shipping Minister Nitin Gadkari said on Thursday.
The government has allocated Rs 4.6 lakh crore the roads and shipping projects across the country, Union Roads & Shipping Minister Nitin Gadkari said on Thursday. He also added that his ministry would cross-invest worth Rs 6 lakh crore in coming Year. The minister further said that his ministry would allot 15,000 km Road Projects by March. Further informing that his ministry would start work on 400 Km Mum-Vadodara Expressway this year, Nitin Gatkari said he has also requested the finance ministry to provide decongestion of funds.
The minister, while pointing out that his ministry his planning to collect nearly half of road toll digitally by March, he said that his ministry is planning to construct 15,000 Km of roads In 2017-18 and is aiming to construct 17.13 km road per day on an average. In the meantime, a report by ‘The Indian Express’ has said that just 30 percent of the highway construction target for 2016-17 was achieved in the first nine months of the year. On the question of awarding new projects, the accomplishment during April-December was lower at 27 percent of the yearly target, which shows that speed of highway construction was 17 km per day, a far cry from the 41 km-per-day goal set by the Ministry of Road Transport and Highways.
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With private investments not getting steam, the Centre’s efforts to push activity in the sector with the use of its own funds have brought only average results.