The Ministry of Road Transport and Highways’ (MoRTH) budget outlay rose by 24.4 per cent to Rs 2.7 trillion (budget estimate) in 2023-24 from Rs 2.17 trillion in 2022-23. The allocation nearly tripled between 2020-21 and 2023-24. The budget of the National Highways Authority of India grew by 14.89 per cent to Rs 1.62 trillion in 2023-24 from Rs 1.41 trillion in 2022-23. Higher budgetary allocations are necessary in the road sector and will help the ministry meet the 25,000 km road construction target announced in the 2022-23, amid rising interest expenses and increasing land acquisition costs.
LATEST
- [ April 26, 2024 ] 4th edition of Digitalisation in Water Network Management| April 23-24, 2024| Le Meridien, New Delhi Videos
- [ April 24, 2024 ] New Mangalore Port Authority to upgrade berth 9 Ports & Shipping
- [ April 24, 2024 ] First 100-m steel bridge launched in Gujarat for Mumbai-Ahmedabad high-speed rail corridor project Railways
- [ April 24, 2024 ] Manali-Leh national highway reopens after 5 months of closure Roads and Bridges
- [ April 24, 2024 ] Perfect ID gears up to meet surge in FASTags demand for banks and fintechs Press Release
- [ April 23, 2024 ] Airport-New Barrackpore Metro project to be revived Urban Infrastructure
- [ April 23, 2024 ] Power Mech Projects secures orders worth Rs 2.32 billion Power News
- [ April 23, 2024 ] ILS at VSI Airport operationalised Aviation
- [ April 23, 2024 ] Trial run of cargo handling operations at Vizhinjam International Seaport to commence by May 2024 Ports & Shipping
- [ April 23, 2024 ] FNG Expressway to transform connectivity in NCR Roads and Bridges
COPYRIGHT © 2016- 2022 | INDIAN INFRASTRUCTURE