Rs 7 lakh cr to be spent to develop 50k kms of NHs
About Rs 7 lakh crore would be spent to develop around 50,000 kilometres of national highways over the next five years, the Government said on Monday.
During Question Hour in Rajya Sabha , Union Minister Nitin Gadkari said the Government has allocated a total Gross Budgetary support of Rs 46,834 crore including cess and toll remittance for 2016-17 for the Road, Transport and Highways Ministry.
In addition, internal and extra budgetary resources of Rs 59.279 crore have also been allowed to be raised for highways in 2016-17.
For the Ministry of Shipping, the Government has allocated a total gross budgetary support of Rs 1,531 crore. In addition, internal and extra budgetary resources of Rs 3,183 crore has also been allowed.
“There is a proposal to spend around Rs 7 lakh crore to develop National Highways of around 50,000 kilometers in the next 5 years. For Sagarmala port development, the project cost is Rs 73,375 crore and in respect of Sagarmala port modernization it is Rs 9,891 crore,” he said.
Source : http://goo.gl/CgXonm