New Delhi: Around 85 per cent of road projects are likely to be completed by the end of this fiscal, as the steps taken by the government to ensure faster clearances like monitoring and quicker resolution of issues have started showing results, Road Transport and Highways secretary Anurag Jain said on Wednesday. Jain said, the … Read more
Cost overruns of central government projects worth Rs 150 crore and above declined for a fourth consecutive month to 19.1% in August compared with 19.5% in the previous month. Of the 1,762 projects listed the anticipated cost at Rs 29.8 lakh crore exceeded the original cost by Rs 4.8 lakh crore, the report released Tuesday … Read more
The Rail and roads ministries have spent the most from the fund allocated by the Centre for capital investment, according to a report in the Times of India. The two ministries have been allocated almost 50% of the Centre’s overall capital investment planned during the financial year. The TOI report, citing official data, said that … Read more
The Ministry of Road Transport and Highways (MoRTH) has put plans in place to maintain the pace of highway development and construct 12,500 km of highways in the current financial year, a senior official on Wednesday said. Alka Upadhyaya, Secretary, MoRTH, said Rs 10,000 crore is planned to be raised through Infrastructure Investment Trusts (InvITs) … Read more
In a major push to road infrastructure in the North East, Union minister Nitin Gadkari on Monday inaugurated and laid foundation stone for 16 national highway projects in Manipur with a total outlay of Rs 4,148 crore. According to a road ministry statement, the projects will provide all-weather connectivity to Manipur with the rest of … Read more