NHAI seeks Rs.71,000 cr CRF funds in Budget

    National Highways Authority of India
    The National Highways Authority of India (NHAI) has sought an allocation of Rs.71,000 crore from Finance Ministry through Central Road Fund (CRF) in the upcoming Budget, said official sources claiming that the Ministry of Road Transport and Highways has also demanded Rs.95,000 crore from the Finance Ministry in the Budget. The outlay for Revised Estimate (RE) 2017-18 is proposed to be reduced from 2016-17 outlay of Rs.64,900 crore to Rs.61,000 crore. Terming roads, railways and rivers as the "lifeline of country", have enhanced the allocation for highways sector by 12 percent. In the road sector, FM last year stepped up the Budget allocation for highways from Rs.57,976 crore in budgetary estimate 2016-17 to Rs.64,900 crore in 2017-18. NHAI recently claimed that in FY 2017-18, it has completed 1,566 km length of the projects under implementation till November (5,060 km). The last five-year average road length constructed by NHAI is 2,175 km with 2,628 km constructed in FY 2016-17 and added that work on 12 new projects covering 597 km has commenced while work on another 38 projects covering 1,969 km will started shortly. The nodal road building authority is also gearing up to meet its target of completing Phase I of the recently approved 'Bharatmala Pariyojana' in the next five years, they added.
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