NHAI wants to more than double outlay to Rs 47, 736 cr

The chunk of it, Rs 30,000 cr in PPP

GN Bureau | February 8, 2010

In order to achieve its target of building 20 km of road every day, the National Highway Authority of India (NHAI) has sought a hike in its outlay for road building from Rs 29,000 crore in the current financial year to Rs 47,736 crore for the next. If the centre accepts the plan, it would be cool hike of 64% compared to the last year's outlay on this account.    

Of the total outlay for next fiscal, Rs 30,000 crore would come through public-private partnerships and the rest from oil cess and borrowings. The authority borrows money from tax-free infrastructure bonds and external agencies.

Also, the road transport ministry has demanded a significant hike in its gross budgetary support, from Rs 15,450 crore (Budget Estimate for the last financial year) to Rs 25,050 crore. Sources in the know say the revised Budget Estimate for the current financial year will be Rs 20,000 crore.

Meanwhile, NHAI has been able to register a substantial rise in the number of projects awarded in the current financial year so far. The authority has so far been able to award 28 projects against a target of 126 for the entire financial year. Only eight projects were awarded in the last financial year.




Other News

Taming turbulence in Indian aviation

The booming Indian aviation industry, among the fastest growing sectors in the world, is projected to be valued at $40 billion by 2027. But, despite robust demand for air travel across the country, more than 50 airlines have closed down in the last decade in India and most private airlines have closed with

PM Modi leaves for G7 Summit in Italy

In his first foreign visit after taking oath of office for the third time, prime minister Narendra Modi Thursday evening left for Italy to participate in the G7 Outreach Summit. “At the invitation of Prime Minister Giorgia Meloni, I am travelling to Apulia region in Italy to participat

Some market talk, some gossip – learnings over tea at RBI

A Fly on the RBI Wall: An Insider’s View of the Central Bank By Alpana Killawala Rupa Publications, 248 pages, Rs 595  

Coalition politics not expected to impact India’s foreign policy

Prime minister Narendra Modi has strived incessantly to bring laurels and much needed recognition for the nation since May 2014 when he was sworn in as the head of state. The poser which can be deliberated upon is this: What will be the consequential impact of the new era of coalition politics which confro

New govt`s first decision pushes for farmer welfare

The BJP-led NDA government has started its term with its first decision relating to farmer welfare. Narendra Modi took charge of office as prime minister of India for the third time on Monday, a day after he and his colleagues were sworn in by the president of India. In his fi

Narendra Modi takes oath for third term

Narendra Modi made history Sunday evening as he was sworn in by president Droupadi Murmu for a third successive term. Modi thus becomes the first prime minister since Jawaharlal Nehru to have comptered two full terms and beginning a third consecutive term. In the swearing-in c

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Current Issue


Facebook Twitter Google Plus Linkedin Subscribe Newsletter