News Roads

No dearth of funds for highway building, says Minister Scindia, ET Infra


Highway building the country will not be affected by any capital constraints and the centre is committed to adequately financing road projects, Union minister Jyotiraditya Scindia said Friday. He was responding to a query from ET on the pending approvals for the revised Bharatmala Phase – 1 that is yet to get a nod of the Union Cabinet.

Speaking to journalists in Delhi, Scindia said the Bharatmala Pariyojana is “an extremely important part of our highway expansion,” while adding, “there will be no delay on that Nitin Gadkari (Minister for Road Transport and Highways) is looking into that and I am very confident that as far as budgetary requirement and financial outlay are concerned, we are very focused on our Capital Expenditure (capex) programme. There is no dearth of finances for highway development.”

The Ministry of Road Transport and Highways (MoRTH) had flagged the pending approval for revised Bharatmala Phase – 1 or alternate programme. It stated that a call on the cost revision needs to be taken to meet the highway award target for the current fiscal. Further, a shortfall in award this year will reflect in the progress of construction in fiscal 2024-25.

India aims to construct 13,800 kilometres (kms) of national highways and award another 12,500 kilometres during the current fiscal. According to MoRTH’s public dashboard, highway construction stood at 5025.55 kms while award was a 2503.34 kms during fiscal 2023-24.

Scindia was briefing journalists about progress of roads and railways since 2014. He also stated that India hopes to have 4,500 Vande Bharat trains running in 2047.

Commenting on the capital expenditure (capex) programme for aviation, he said that close to Rs 95,000 crore is planned for airports both by private and public sector. “Around 25-30% of this capex will be done by the government, balance by the private sector. Our second airports in Mumbai (Navi Mumbai) and Delhi (Jewar) will be operational by the end of next year,” he said while adding, “We have 74 airports until 2014 and in the last 10 years, we have built 75 more airports, waterdromes and heliports, taking the number to 149. This number will go to about 200.”

  • Published On Dec 8, 2023 at 05:32 PM IST

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