Government to invest in infrastructural projects
The Government is all set to roll out Rs 2 lakh crore worth of infrastructure projects this year. “We have cleared bottlenecks. It is easy to construct express highways but difficult to get environment clearance. However, we are removing hurdles.
Road Transport and Highways Minister Nitin Gadari addressing the annual convention of Society of Indian Automobile Manufacturers here said that they have cleared projects worth Rs 1.5 lakh crore. Now this year we will launch projects worth Rs 2 lakh crore, said Gadkari said his Ministry was also looking to build two lakh Km of roads under public-private-partnership (PPP) mode which includes widening of existing one lakh km of highways.
They are fast-tracking the decision making and weeding out corruption and red-tapism from government functioning besides introducing innovation. There is no dearth of money to fund the projects and the Ministry if need be can garner more funds through securitisation of toll revenue which amounted to about Rs 1.8 lakh crore in 15 years besides raising funds through infrastructure bonds worth Rs 10,000 crore.
Source: The Pioneer
environment clearance, forest and environment clearances, Highways Minister Nitin Gadari, Infrastructure projects, Public-private partnership, Toll revenue
