Expressing commitment to augment the country's infrastructure, Finance Minister Nirmala Sitharaman on Monday said projects for building 8,500 km of highways will be awarded by March 2022.
"To further augment road infrastructure, 8,500 km of road and highway projects will be awarded by March 2022," Sitharaman said in her Budget Speech.
She also announced that highway projects worth Rs 65,000 crore will be undertaken in Kerala. Besides, Rs 25,000 crore will also be spent in West Bengal, she added.
The FM also announced an allocation of Rs 3,400 crore for road projects in Assam.
She also announced an Rs 18,000-crore scheme to augment public transport in urban areas.
Last month, Road Transport, Highways and MSMEs Minister Nitin Gadkari had said his ministry aims at taking road building target to 40 km a day by March. He added that the NHAI has a target to build 60,000 km of highways in the next five years, including 2,500 km of express highways.
These include 9,000 km of economic corridors and 2,000 km each of strategic border roads and coastal roads. Besides these, 100 tourist destinations and 45 towns would be connected through highways.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)