"In order to support the new programme, allocation for FY2019 is expected to be in the range of Rs 80,000-85,000 crore to Ministry of Road Transport and Highways as against Rs 64,900 crore for FY2018," ICRA said today.
It said the infrastructure sector expects continued thrust from government towards revival of investment cycle in the form of further increase in budgetary allocations towards infrastructure sector with focus on roads, railways and urban infrastructure.
"Further, NHAI market borrowings (IEBR) are estimated to be in the range of Rs 60,000-65,000 crore to support the new programme," it said.
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