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Amid concerns raised by the Prime Minister, Dr Manmohan Singh, on highways deficit in the country, the Government is looking at an investment of over Rs 2.64 lakh crore in the road sector in the next five years, over 65 per cent of which will come from the private sector.
“The pace of infrastructure development needs acceleration if the gaps are to be bridged. We are looking at an investment of Rs 2.64 lakh crore in the highways sector in the 12th Five-Year Plan (2012-17),” the Road Transport and Highways Minister, Dr C.P. Joshi, told PTI.
Dr Joshi said that National Highways Authority of India (NHAI) will shell out Rs 87,000 crore while the remaining Rs 1.77 lakh crore is envisaged from the private players.
PM review
The development came after the Prime Minister, while reviewing the progress of highways last month, expressed concerns that the country is deficient in terms of the quality and length of road network.
“We have to make an intense and sustained effort to ensure that this deficit is bridged,” an official document said quoting Mr Singh.
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