The government will need about Rs 1.4 lakh crore to achieve its target of constructing 15,000 kms of road in this fiscal, Niti Aayog said in a report.
The government will need about Rs 1.4 lakh crore to achieve its target of constructing 15,000 kms of road in this fiscal, Niti Aayog said in a report.
According to the report on targets for the infrastructure sector for 2016-17, Rs 70,000 crore should be raised through Gross Bud-getary Support (GBS) and Internal Extra Budgetary Resources (IEBR), a senior government official said.
“Then through various cess, the target for road ministry is to raise about Rs 33,000 crore, through tolls Rs 8,000 crore and Rs 27,000 crore from private investment,” he added.
The government has set a target of completing 15,000 km of road in the current fiscal from 6,061 km in 2015-16. It also aims to award 25,000 km of road projects this fiscal from 10,098 km a year ago.
Of the total length of National Highways targeted, 15,000 km would fall under the NHAI and 10,000 km under the ministry and National Highways and Infrastructure Develo-pment Corporation.
National Highways Authority of India’s target for construction has been fixed at 8,000 km while for the ministry and the corporation, the target is 7,000 km. For the 2016-17 budget, finance minister Arun Jaitley has allocated Rs 55,000 crore for roads and highways. This will be further topped up by an additional Rs 15,000 crore to be raised by NHAI through bonds.
