Q:Apart from record Rs 82000 crore presumed earlier as public funds for construction and maintenance of highways in the current financial year, the road ministry has asked for an additional Rs 8800 crore as budgetary support.
Latest Answer: This is really recommendable Mani,
Of the road ministry's demand for additional budget expenses, Rs 2620 crore is for awarding contracts for building additional national highways, which has been targeted at around 10000 km this financial year, and Rs 1510 crore for special speed up road development programme for the North-East.
Q:The ministry of road transport and highways is fragmenting road projects that failed to find bidders into smaller expansion in order to make them more attractive.
Latest Answer: Do you know that the Asian Highway project, also known as the Great Asian Highway. The main objectives of this project to improve the highway systems in Asia. It is one of the three key features of the Asian Land Transport Infrastructure Development project that is sponser by ESCAP and the other two being the Trans-Asian Railway and facilitation of land transport projects.
Q:Have you heard the news today that the roads ministry is reworking a proposal to provide an early exit to project developers after an earlier cabinet note was returned by the Prime Minister's Office, mentioning reservations.
Latest Answer: Well Akash,
But the road developers have been long demanding a change in the exit policy, maintaining this could free up equity for future projects. In the current climate, the valuation of road projects will be in the lower side, so even if a concessionaire wants to exit a project, he might not get the right valuation.