National Highway Projects
Stung by the reported reduction in budget outlay for 2017-18, the Road Ministry has urged Finance Ministry to allocate Rs. 90,904-cr to help complete ongoing highway projects in time and compensate for the toll revenue losses following demonetization. The MoRTH conveyed it to the Finance Ministry that as against the proposal of Rs. 90,904-cr for Budget Estimate (BE) 2017-18, the indicated outlay for 2017-18 is only Rs. 58,362cr. The proposed reduction in allocation of national highways (NH) sector would cause a major setback in the progress of ongoing road projects and in the achievement of targets. The outlay for Revised Estimate (RE) 2016-17 is proposed to be reduced from 2016-17 outlay of Rs. 57,976-cr to Rs. 52,447-cr as against the proposal of MoRTH of Rs. 62,489cr. Since the ministry has substantial liabilities and 36,500 km of NH projects costing more than Rs. 3 lakh-cr are in progress, the road ministry requested the Finance Ministry to restore its 2016-17 outlay of Rs. 57,976-cr at revised estimates of 2016-17 stage.