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Enhanced budgetary allocation for highways to speed up projects: Official


Enhanced budgetary allocation for the highways sector will help in faster implementation of projects, a top highways ministry official said on Thursday.
The Union Budget 2021-22 has provided an enhanced outlay of Rs 1.18 lakh crore for the highways sector.
There is about 30 per cent increase in the allocation to the highways sector. The projects are going to be sanctioned in the next two to three months and enhanced allocation will help faster execution of projects, Road Transport and Highways Secretary Giridhar Aramane told PTI.
Aramane further said the ministry will spend the entire allocation during the stipulated timeframe.
An allocation of Rs 91,823 crore was made for the highways sector for 2020-21, which was revised to Rs 1.01 lakh crore. ....

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Enhanced Rs 1.18 cr outlay for highways; execution of flagship corridors, projs to speed up: FM Sitharaman


Enhanced Rs 1.18 cr outlay for highways; execution of flagship corridors, projs to speed up: FM Sitharaman
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Enhanced Rs 1.18 cr outlay for highways; execution of flagship corridors, projs to speed up: FM SitharamanPTI
Last Updated: Feb 01, 2021, 10:09 PM IST
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Synopsis
More than 13,000 km of roads at a cost of Rs 3.3 lakh crore has already been awarded under the Rs 5.35-lakh crore Bharatmala Pariyojana, of which 3,800 km have been constructed.
Union Budget 2021: Development Financial Institution, National monetisation pipeline and NHAI InvIT among key announcements for Infrastructure Sector
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New Delhi: Allocating an enhanced outlay of Rs 1.18 lakh crore for the highways sector for 2021-22, Finance Minister Nirmala Sitharaman on Monday said execution of flagship highways corridors as well as projects are bound to speed up. ....

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