1. Home
  2. >

Built to inform

Sign up for the daily newsletters

No, Thank you

Rs 4 lakh crore needed to fund stalled highway projects

News

The government needs about Rs 4 lakh crore, including borrowings of about Rs 1.53 lakh crore, in the next four years to complete stalled highways projects.
It has reviewed stalled road projects under different phases of the National Highways Development Project (NHDP) and directed NHAI to focus on completion of on-going projects and evolve innovative financing models, Minister of State for Road Transport and Highways P Radhakrishnan said.
NHAI has also been asked to strive for regular bilateral or multi-lateral funding and private participation on high priority projects.
“On the basis of this revised work plan and considering its cost alongwith the revised parameters for the actual cost of land acquisition, funds requirement has now been estimated at about Rs 2,37,000 crore and borrowings at about Rs 1,53,000 crore over a period from 2015-16 to 2019-20,” Radhakrishnan said.
The NHAI had earlier estimated fund requirement of about Rs 4.11 lakh crore, including borrowings of Rs 1.80 lakh crore, by 2030-31 for awarding balance length of NHDP by 2015-16.
The projects reviewed included Rs 1,082 crore project for four-laning of Bahrampur-Farakka stretch of NH 34, Rs 3,039 crore project for six-laning of Gurgaon-Kotputli-Jaipur highways under NH-8 and Rs 424 crore four-laning of Gwalior-Jhansi stretch on NH 75.

Most Popular

Awards

Olympia Group announces to build up 1.1mn sq-ft greenfield it park in Guindy
The project will have a total investment of about Rs 750 crore

Conferences

Vital pre-monsoon building works resume in Maharashtra
The state government has permitted pre-monsoon work by BMC and other agencies

Latest Issue

June 2020
10 Jun 2020