Govt will spend Rs43,551 cr on roads
In an interview with Construction Week India, the Union Minister of Road Transport & Highways (Morth) has said that to meet the target of 12,000km roads in this financial year, the government will spend Rs43,551 crore.
“A substantial amount will also have to come from the private sector,” the Minister added.
While acknowledging that the ambitious 20km roads a day target is running behind schedule, the Minister informed that his Ministry has formulated annual work plans to achieve this target and NHAI is already working on it.
There are plans to build another 11,000 km roads in the next fiscal. The government is also looking at the feasibility of constructiing 15,600km of expressways in addition to the already planned 1,000km by 2015.
Mr Nath has also emphasised the need for road development from a service oriented perspective.
He cited a World Bank study that had assessed that every rupee invested in the highway sector yields Seven rupees in terms of economic value. “Highway creation should be such that the service levels required by the users are satisfactorily met.
For this we should be shifting to performance oriented parameters and we are doing precisely that,” Mr Nath remarked.