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.

EDITORIAL OF THE DAY

  • RBI must now educate investors on the benefits of debt market

    It is uncommon for the central bank to act on a policy decision within a week of submission of a specialist report.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Urs Schoettli

Japan needs more women in high office

Japan does not rank high in international tables, when it ...

Kuruvilla Pandikattu

Giving up faith is a complex act

We have met many people who have given up religion ...

Shona Adhikari

Belated recognition of women in America's modern art movement

This week we focus on a very important exhibition that ...