Funding faucet open, enhanced outlay of Rs 1.18 lakh crore for highways sector

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The Union Finances for 2021-22 introduced a lavish outlay of Rs 1.18 lakh crore for the Ministry of Highway Transport and Highways, and a number of other flagship financial corridors, together with within the election-bound states of West Bengal, Tamil Nadu, Kerala, and Assam.

“I’m…offering an enhanced outlay of Rs 1,18,101 lakh crore for the Ministry of Highway Transport and Highways, of which Rs 1,08,230 crore is for capital, the best ever,” Finance Minister Nirmala Sitharaman mentioned in her Finances speech on Monday.

Tamil Nadu will get 3,500 km of nationwide freeway works at an funding of Rs 1.03 lakh crore, together with the Madurai-Kollam and Chittoor-Thatchur corridors. Building will begin subsequent yr.

675 km of freeway works are deliberate in West Bengal at a value of Rs 25,000 crore, together with upgradation of the present Kolkata-Siliguri street.

In Kerala, 1,100 km of nationwide freeway works are deliberate at an funding of Rs 65,000 crore, together with a 600 km part of the Mumbai-Kanyakumari hall within the state.

Nationwide freeway works of round Rs 19,000 crore are presently in progress in Assam. Additional works of greater than Rs 34,000 crore masking greater than 1,300 km of nationwide highways can be undertaken within the state within the coming three years, Sitharaman mentioned.

An allocation of Rs 91,823 crore was made to highways for 2020-21, which was revised to Rs 1.01 lakh crore.
Highway Transport and Highways Minister Nitin Gadkari mentioned the Finances was historic.

“No different Finances in historical past has laid a lot emphasis on infrastructure. It’s recognized that with infrastructure works not solely does the financial system get a lift however there may be particular job creation as effectively,” he mentioned.

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Sitharaman mentioned that a number of the flagship corridors and different necessary initiatives would see appreciable exercise in 2021-22.

Greater than 13,000 km of roads at a value of Rs 3.Three lakh crore has already been awarded beneath the Rs 5.35-lakh crore Bharatmala Pariyojana, of which 3,800 km have been constructed.

“By March 2022, we might be awarding one other 8,500 km and full an extra 11,000 km of nationwide freeway corridors,” she mentioned.

The flagship initiatives which might be to be expedited embody the Delhi-Mumbai expressway. For the Bengaluru-Chennai expressway, 278 km can be initiated within the present monetary yr, and building will start in 2021-22.

Work on the Delhi-Dehradun Financial Hall can be initiated within the present monetary yr, whereas work on the Kanpur-Lucknow expressway can be initiated in 2021-22.

A 277-km Chennai-Salem hall can be awarded quickly, and building will begin in 2021-22. As well as, a 464-km RaipurVisakhapatnam venture passing by Chhattisgarh, Odisha, and north Andhra Pradesh can be awarded within the present yr, and building will begin in 2021-22.

Building of the Amritsar-Jamnagar and Delhi-Katra expressways will begin in 2021-22.

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