Budget 2020: Looking to build highways at a greater pace, the ministry of road transport and highways (MoRTH) has sought a 83% year-on-year hike in budgetary allocation for the 2020-21 fiscal, along with lowering of the debt-raising limit for National Highways Authority of India (NHAI) by Rs. 10,000 crore to Rs. 65,000 crore.
Sources said MoRTH has put forth its wishlist in a budget-related meeting held recently with its finance counterpart. Against the budget estimate (BE) of Rs. 71,000 crore, MoRTH has actually got (revised estimate) Rs. 78,625 crore in 2018-19 fiscal. For the current fiscal, the BE stands at Rs. 83,016 crore.
MoRTH needs additional funds in the next fiscal to award and construct more highway projects via the engineering, procurement and construction (EPC) mode, in which the executing agency has to bear all expenses. NHAI has failed to award a single project through either the hybrid annuity model (HAM) or the build-operate-transfer (BOT) route till September of the current fiscal. Read More
Latest posts by Financial Express (see all)
- Coal-based power plants’ PLFs remain muted in November - December 7, 2019
- Long-pending Bengaluru Suburban Rail Project, worth Rs 17,000 crore awaits clearance from Centre; details here - December 6, 2019
- Indian Railways takes giant leap with eco-friendly step; saves crores with new technology for passenger trains - December 6, 2019