Central Road Fund (Amendment) Bill, 2017 passed by Lok Sabha

The Central Road Fund (Amendment) Bill, 2017, was passed by the Lok Sabha on December 19, 2017. The bill seeks to amend the Central Road Fund Act, 2000, through which the cess levied and collected on high speed petrol and diesel is distributed for the development of rural roads, national highways, railways, state roads and border area roads. The present bill seeks to allocate 2.5 per cent of the funds generated for the Central Road Fund to accelerate the development and maintenance of national waterways by reducing an equal percentage from the share of national highways. This would tentatively generate about Rs 23 billion in revenues for NWs.