8,500 km of highway projects to be awarded in FY22; Rs 25K cr earmarked for WB: FM Nirmala Sitharaman

She also announced that highway projects worth Rs 65,000 crore will be undertaken in Kerala. Besides, Rs 25,000 crore will also be spent in West Bengal, she added.

Union Budget 2021: Development Financial Institution, National monetisation pipeline and NHAI InvIT among key announcements for Infrastructure Sector
Expressing commitment to augment the country's infrastructure, Finance Minister Nirmala Sitharaman on Monday said projects for building 8,500 km of highways will be awarded by March 2022. While presenting the Union Budget 2021-22 in Parliament, the finance minister said poll-bound West Bengal will see highway projects worth Rs 25,000 crore.

"To further augment road infrastructure, 8,500 km of road and highway projects will be awarded by March 2022," Sitharaman said in her Budget Speech.

She also announced that highway projects worth Rs 65,000 crore will be undertaken in Kerala. Besides, Rs 25,000 crore will also be spent in West Bengal, she added.


The FM also announced an allocation of Rs 3,400 crore for road projects in Assam.

She also announced an Rs 18,000-crore scheme to augment public transport in urban areas.

Last month, Road Transport, Highways and MSMEs Minister Nitin Gadkari had said his ministry aims at taking road building target to 40 km a day by March. He added that the NHAI has a target to build 60,000 km of highways in the next five years, including 2,500 km of express highways.
ADVERTISEMENT

These include 9,000 km of economic corridors and 2,000 km each of strategic border roads and coastal roads. Besides these, 100 tourist destinations and 45 towns would be connected through highways.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Infrastructure › 8,500 km of highway projects to be awarded in FY22; Rs 25K cr earmarked for WB: FM Nirmala Sitharaman
Text Size:AAA
Success
This article has been saved

*

+