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Nitin Gadkari promises Rs. 7 lakh crore spent on NH development.

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Posted: July 26, 2016 at 12:14 pm   /   by   /   comments (0)

Rs 7 lakh crore would be spent to develop around 50,000 kilometers of national highways over the next five years, the Government said on Monday.

During Question Hour in Rajya Sabha , Union Minister Nitin Gadkari said the Government has allocated a total Gross Budgetary support of Rs 46,834 crore including cess and toll remittance for 2016-17 for the Road, Transport and Highways Ministry.
In addition, internal and extra budgetary resources of Rs 59.279 crore have also been allowed to be raised for highways in 2016-17.
For the Ministry of Shipping, the Government has allocated a total gross budgetary support of Rs 1,531 crore. In addition, internal and extra budgetary resources of Rs 3,183 crore has also been allowed.
“There is a proposal to spend around Rs 7 lakh crore to develop National Highways of around 50,000 kilometers in the next 5 years. For Sagarmala port development, the project cost is Rs 73,375 crore and in respect of Sagarmala port modernization it is Rs 9,891 crore,” he said.

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