On anvil: ₹30L cr transport boost

On anvil: ₹30L cr transport boost

The Narendra Modigovernment is likely to allocate nearly Rs 30-lakh-crore investment in transport sector in the next five years, which is nearly a third of the Rs 100-lakh-crore investment push for the infrastructure sector to boost economic growth and job creation.

The largest chunk is proposed to be invested in railways, river-linking and highway expansion programme, according to the details of future investment that the BJP had prepared at the time of releasing the election manifesto. In addition, defence modernisation, which requires a spend of Rs 9 lakh crore, is also part of the plan.

While investment of Rs 10 lakh crore has been estimated for building new corridors for bullet trains and dedicated freight movement, around Rs 3 lakh crore is proposed to be allocated for the port sector over the next five years, with a large chunk earmarked for the Sagarmala project. Read More

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