NHAI infused Rs 20,000 cr in highways projects in FY'09
Highways regulator has infused a whopping Rs 20,000 crore in various highways projects under NHDP in fiscal 2008-09, up 20 per cent from previous fiscal.
By PTI |
NEW DELHI: The highways regulator has infused a whopping Rs 20,000 crore in various highways projects under NHDP in fiscal 2008-09, up 20 per cent from the previous fiscal, at a time when the Indian economy reeled under the impact of the global economic slowdown.
"The National Highways Authority of India (NHAI) has infused Rs 20,000 crore in the National Highways Development Project (NHDP) in the last fiscal (2008-09)," an official said.
NHAI's expenditure during the fiscal 2007-08 had been about Rs 17,000 crore, he said.
"What is significant is that 60 per cent of the expenditure has been made in the last two quarters of the financial year 2008-09 despite the global economic slowdown. The expenditure was made in NHDP phases II and III projects," the official added.
The highways regulator is responsible for the development, maintenance and management of over 66,000 km of national highways in the country and is implementing NHDP.
NHDP phase II covers 6,647 km highways while phase III covers 8,074 kms.
The official said the expenditure was made in nearly 200 ongoing government-funded and PPP (public-private partnership) projects.
"The National Highways Authority of India (NHAI) has infused Rs 20,000 crore in the National Highways Development Project (NHDP) in the last fiscal (2008-09)," an official said.
NHAI's expenditure during the fiscal 2007-08 had been about Rs 17,000 crore, he said.
"What is significant is that 60 per cent of the expenditure has been made in the last two quarters of the financial year 2008-09 despite the global economic slowdown. The expenditure was made in NHDP phases II and III projects," the official added.
The highways regulator is responsible for the development, maintenance and management of over 66,000 km of national highways in the country and is implementing NHDP.
NHDP phase II covers 6,647 km highways while phase III covers 8,074 kms.
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The official said the expenditure was made in nearly 200 ongoing government-funded and PPP (public-private partnership) projects.
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