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NHAI to improve 7,305 kms of highways in FY11

Saturday, 27 Mar 2010
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The Union Ministry of Shipping, Road Transport and Highways is planning to improve 7,305 kms of national highways (NH) during 2010-11 fiscal year with investment of Rs 24,455 crore.

Of the total planned investment, NHAI is likely to raise Rs 7,455 crore from internal and external budgetary resources for the massive NH development work apart from Rs 17,000 crore budgetary support.

However, the assistance from the agencies like the World Bank (WB) and the Asian Development Bank (ADB) is likely to fall. According to sources, the WB and ADB is likely to provide Rs 1,916 crore for road projects during the next fiscal, down from Rs 3,507 crore during the previous financial year. About Rs 861 crore is estimated to come from WB and the remaining Rs 1,055 crore from ADB.

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