Budget allocation for MoRTH rises by 2.80 per cent

The Ministry of Road Transport and Highways’ (MoRTH’s) budget outlay rose by 2.8 per cent to Rs 2.78 trillion in 2024-25 (budget estimate (BE) from Rs 2.7 trillion in 2023-24 (BE). As per the revised estimates, MoRTH is likely to spend around Rs 2.76 trillion in 2023-24. The budget of the government-run National Highways Authority of India (NHAI) has also grown by 3.9 per cent to Rs 1.68 trillion in 2024-24 (BE) from Rs 1.62 trillion in 2023-24 (BE). In accordance with the revised assessments, NHAI will spend around Rs 1.67 trillion in 2023-24. NHAI’s internal and extra budgetary resources remain zero in 2024-25, for the third year in a row. The budget allocation signifies a commitment to ongoing projects. The emphasis is on utilising the funds for existing projects.