Economy

Govt to award Rs 70,000 cr road contracts this fiscal

Press Trust of India New Delhi | Updated on June 08, 2011 Published on June 08, 2011




Contracts for building 11,050 km of roads will be awarded in the current fiscal year involving an estimated investment of Rs 70,000 crore, as per the target set by the Ministry of Road, Transport and Highways.

The ambitious road building plans were reviewed by the Prime Minister, Dr Manmohan Singh, today with the Road Transport Minister, Mr C.P. Joshi, and senior officials of the Ministry and the National Highways Authority of India (NHAI).

Of the total work proposed to be awarded this fiscal, 7,300 km would be under the National Highways Development Project (NHDP), an increase of 44 per cent over 5,095 km in 2010-11.

Under this component, investment is earmarked at Rs 57,000 crore. As part of a development strategy, the Government wants to complete 1,759 km of roads in the Left Wing Extremism (LWE) affected areas this year involving an outlay of Rs 3,000 crore.

Published on June 08, 2011
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