After an enormous soar in allocation each consecutive 12 months within the current previous, this 12 months’s budgetary allocation for the street sector noticed a measly 2.7% improve.
The Interim Budget put aside ₹2,78,000 crore for the Ministry of Road Transport and Highways as in comparison with the ₹2,70,434 crore within the finances estimate for this fiscal. When in comparison with the revised estimate of ₹2,76,351 crore, the allocation is a hike of a mere 0.5%.
Of the whole budgetary grant, ₹1,68,464 is for funding in NHAI for the event of nationwide freeway corridors underneath Bharat Mala Pariyojana. As of November 2023, a complete of 15,045 km of the whole venture of 26,418 km have been accomplished and an quantity of ₹4.10 lakh crore has been spent underneath Bharat Mala Pariyojana as much as October 2023.
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Separately, a sum of ₹78,349 crore has been put aside for street works, which incorporates six touchdown of crowded sections of the Golden Quadrilateral, street improvement in Naxal-hit areas and provisioning of last-mile connectivity by State authorities’s Public Works Department.
Last 12 months, the finances announcement noticed a hike of 35%, and the 12 months earlier than that there was a 70% hike within the grant for roads.