Budget 2022: The unmistakable Gadkari mark in first part of FM's speech

Over-arching emphasis on ramping up transportation infra--christened PM Gati Shakti--is as much a brainchild of Gadkari than it is of PM Modi who launched it last October

Nitin Gadkari
Union Road Transport and Highways Minister Nitin Gadkari | File photo
Sai Manish New Delhi
2 min read Last Updated : Feb 01 2022 | 2:43 PM IST
While this was Nirmala Sitharaman’s fourth consecutive budget presentation, for the first 45 minutes of her speech the mark of union transport and highways minister Nitin Gadkari was unmissable to the discerning eye. The over-arching emphasis on ramping up transportation infrastructure in the country – christened PM Gati Shakti, after all is as much a brain child of Gadkari than it is of PM Modi who launched it in October last year.

According to Sitharaman the seven engines driving PM Gati Shakti are: roads, railways, airports, ports, mass transport, waterways, and logistics infrastructure. But the only concrete announcement for mobilizing resources for this ambitious programme was for Gadkari’s ministry. Sitharaman stated that Rs 20,000 crore would be mobilized for developing 25,000 kms of highways through ‘innovative ways’ in addition to budgetary allocations in 2022-23. No specific funding mechanisms were elaborated upon by the finance minister for the six other ‘engines.’

In fact, Gadkari’s ministry has been allocated almost Rs 2 trillion to spend on capital works – much higher than the Rs 1.6 trillion sanctioned to the ministry of defence for its capital expenses that include upgradation and purchase of new weaponry for the armed forces.

The ministry of railways - another crucial cog in the PM Gati Shakti wheel was allocated Rs 1.4 trillion with no specific references to alternative sources of spending or building new railway tracks. The budget, though, has envisaged building 100 cargo railway terminals and introducing 400 new age Vande Bharat trains. While the 25,000 kms highways under Gadkari’s watch will be completed in this financial year, the railways projects will not be completed before 2025.

Gadkari has also spearheaded PM Gati Shakti after its announcement by Modi last year. In January 2022, Gadkari organized a conference of chief ministers of southern states – the first of its kind by any minister whose ministries will be part of the project.



One subscription. Two world-class reads.

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

Topics :Nirmala SitharamanBudget SpeechBudget 2022Nitin Gadkari

Next Story