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Govt needs Rs 7 lakh cr investment in 5 yrs for highway development

Govt informed House that govt encourages use of plastic waste in construction of National Highways

ANI  |  New Delhi 

Global pension funds might be attracted by the certainty of the return on investment, an analyst said

The Ministry of Road Transport and Highways has estimated a fund requirement of about Rs. 6.92 lakh crore for the development of in the country during the next five years.

This requirement will be met from the of the Ministry, the Central Road Fund, Toll remittance, Monetization of through (TOT) model, external borrowings by National Highway Authority of India and private sector

This information was given by Minister of State for Road Transport and highways and Shipping Mansukh Mandaviya in a written reply in the yesterday.

He also informed that the Ministry of Road Transport and Highways has identified 208 level crossings on for construction of ROBs under Setu Bharatam Scheme and feasibility study of 87 ROB projects has been completed so far.

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

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

First Published: Tue, July 25 2017. 16:50 IST