Rs 1 lakh cr funds for road sector in a year: Gadkari

Tags: News
The Narendra Modi-led government will initiate measures to turn-around the Highways sector in 2 years time by garnering funds to the tune of Rs one lakh crore in a year, Road Transport and Highways Minister Nitin Gadkari said here today.

"I will prepare a blue print for road sector reforms in a month. I will arrange funds to the tune of Rs one lakh crore in a year... The results will be out in two years," Gadkari said at a conclave on Budget Aaj Tak today.

His statement comes a day after the new government in a White Paper blamed the previous regime's policies such as awarding of projects without proper land acquisition for the poor performance of road sector wherein about 60% of NHAI's scheme are embroiled in disputes.

Gadkari said "good days" were on the anvil for the people of India as the new government has understood the problems of the nation including impediments faced by the highways sector and was working hard to solve it.

He said the contractors working in the highways sector will have their payments within a month.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • With RBI’s role diluted, we are moving closer towards a super regulator

    The government and the Reserve Bank of India (RBI) have signed a monetary policy framework agreement last month under which RBI will be committed to b

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

The making of a digital Bharat

Exactly 20 years ago, Nicholas Negroponte of MIT Media Labs ...

Rajgopal Nidamboor

The eternal radiance of our being

We sense, we sight, we smell, we touch, we hear, ...

Shona Adhikari

Art world celebrates two ‘new’ Cezannes

The focus moves once more to post-impressionist Paul Cezanne, who ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture