MoRTH aims to spend around Rs 1.85 trillion capex by December 2023

The MoRTH anticipates spending a capital expenditure (capex) of approximately Rs 1.85 trillion by December 2023.
Originally planning to spend over 90 per cent of its Rs 2.59 trillion capex for 2023-24 by December, the ministry faced hindrances such as heavy rains, land allocation delays, and state elections, resulting in a project awarding slowdown since July 2023.
Despite the setback, the government remains optimistic about surpassing the targeted 12,500 km road construction for 2022-23 and allocated Rs 2.57 trillion capex outlined in budget 2023-24.
The revised strategy involves accelerated spending before December 2023 and a push for higher capex in January and February 2024.