"A target of award of 10,000 kms and completion of 10,950 kms of national highways has been fixed by Ministry of Road Transport and Highways for the year 2015-16," Minister of State for Road Transport and Highways Pon Radhakrishnan told Lok Sabha in a written reply.
The source of funds for construction of national highways include budgetary support from the government, part proceeds of central road fund, plough back of toll revenue, market borrowings and equity from the developers.
He also added that 100 per cent foreign direct investment is permitted in highways sector.
Besides, 47 projects are being implemented under Special Accelerated Road Development Programme- North East (SARDP-NE) in addition to 85 projects under Left Wing Extremism Areas and 55 projects under National Highways Development Project.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%