Bharatmala highway project: Rs 7 lakh crore highway plan set to get Cabinet’s nod today - News Summed Up

Bharatmala highway project: Rs 7 lakh crore highway plan set to get Cabinet’s nod today


NEW DELHI: The government is set to approve the biggest ever highway development plan to develop and expand approximately 83,000 km of roads at an investment of Rs 6.9 lakh crore by 2022 on Tuesday. "The new highway development programme is both building roads and improving mobility to reduce logistic cost. Considering there is less appetite for private investment, sources said, more than 70% of the works will be through government funding. "Once the Cabinet approves the umbrella scheme, NHAI will be empowered to clear each project. The same procedure was followed when Atal Bihari Vajpayee government had approved the Golden Quadrilateral development programme for faster roll out of projects," said a source.


Source: Times of India October 23, 2017 23:53 UTC



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