Infrastructure sector full of challenges though 85% stalled projects put on track: Arun Jaitley

Fifth strong pillar of the union budget infrastructure ssector has performed quite well. Yet it is not devoid of challenges, said Arun Jaitley.

In the road more than 17,000 projects are languishing due to negligence. There were 8300 km of roads under construction with allocation of Rs. 1 lakh crores.

"85% of the stalled projects have been put back on track," he said

Total investment on road sector would be Rs. 97000 crores in 2016-17 and capital expenditure on roads and railways would be Rs. 2,18000 crores in 2016.

"We expect to approve 10,000 km more in 2016-17," said Arun.

50,000 km of roads would also be taken up as national highway, the cost of which stands at Rs,221246 crores.

Government would also enact necessary measures on motor vehicle act

Target of 10,000 kms of national highway and upgradation of 50,000 kms of state highways in 2016/17

Road transport in passenger segment to be opened up to private sector.

NHAI will raise Rs 15,000 crore through bonds in FY17.

The government also would set up a central dispute redressal body for smooth implementaion of central and state initiated projects and both central and state funded projects.



(Image credits: indiaitimes)