Finance Budget 2021-2022: In her Union Budget introductory speech today, Finance Minister Nirmala Sitharaman today announced the largest-ever capital allotment towards the Road & Highways Development programs.
Under this issue, the following projects will be commenced-
- 1100 km long National Highway in Kerala is proposed and will go into action through a Rs 65,000 crore investment including 600 Mumbai-Kanyakumari corridor in Kerela .
- Another amount of Rs 19,000 crore will be diverted towards a National Highway project in Assam.
- A 675 km highway to be built in West Bengal at the cost of Rs 95,000 crore.
- A 3500 km corridor in Tamil Nadu.
A massive Rs 1,08,032 crore budget has been allotted to Road & Transportation Ministry . The government seeks to set up a new National Rail Plan to build a future-ready railways system. To achieve this, an amount of Rs 1.10 lakh crore has been given to the Indian Railways.
Under this proposal, the government plans to build 11,000 km of roads this year and expects an overall 8000 km of construction to be completed by March. The Finance Minister Nirmala Sitharaman said in her speech that, “Government aims to complete 11,000 km of National Highway Infrastructure this year.”
Around 3000 km of road construction has already been completed under the Bharatmala Road Project.