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Rs. 7 Lakh crores investment needed for the highways sector in next 5 years



Rs. 7 Lakh crores investment needed for the sector in next 5 years

The Ministry of Road Transport & has estimated a fund requirement of about Rs. 6.92 lakh crore for the development of National in the country during the next five years. This requirement will be met from the Gross Budgetary Support of the Ministry, the Central Road Fund, Toll remittance, Monetization of National through Toll-Operate-Transfer (TOT) model, external borrowings by National Highway Authority of India and private sector investment. This information was given by Minister of State for Road Transport & and Shipping Shri Mansukh Mandaviya in a written reply in the Rajya Sabha yesterday. He also informed that the Ministry of Road Transport & has identified 208 level crossings on National for construction of ROBs under Setu Bharatam Scheme and feasibility study of 87 ROB projects has been completed so far.

Shri Mandaviya also informed that the Government has envisaged to increase the existing National Highway network of 1.15 lakh kms in the country to 2 lakh kms. The requirement of funds for development of these National will be met through different sources as mentioned above.

In a separate written reply, Shri Mansukh Mandaviya informed the House that the Government encourages the use of plastic waste in construction of National specially within 50 km periphery of the urban areas having population of 5 lakhs or more. However, at present, no National Highway has been constructed using plastic waste.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 25 2017. 14:20 IST