Road Ministry Seeks ₹22 Lakh Cr for Highway Development

The Road Transport and Highways Ministry
The Road Transport and Highways Ministry has sought Cabinet approval for a ₹22 lakh crore investment in a highway development plan covering 30,600 km by 2031-32. The plan includes 18,000 km of expressways and high-speed corridors, decongesting 4,000 km of national highways around cities, and building strategic and international roads. About 35% of the investment will come from the private sector.

The ministry has requested a 10% annual increase in budgetary allocation for project implementation. The interim budget allocated ₹2,78,000 crore to the ministry, a 2.7% increase from the previous financial year.
📅 Published on: 24 June 2024
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