look news india
Nitin Gadkari has come up with a new plan to give a new direction to the roads of the country, especially highways. He gave this information in a program and said that the government will issue contracts worth up to Rs 5 lakh crore in the coming time. The ministry has earned Rs 45,000 crore so far. A target has been set to take it to 1.40 lakh crore.
Contracts worth Rs 3 lakh crore will be awarded in 3 months
The Road Transport Ministry aims to secure contracts worth Rs 3 lakh crore in 3 months. According to Union Minister Nitin Gadkari, this amount will speed up the work on the country's roads, especially highways. Gadkari says that we will take it to Rs 5 lakh crore. The ministry has so far earned Rs 45,000 crore. A target has been set to take it to 1.40 lakh crore.
Gadkari gave information
Regarding this, Road Transport and Highways Minister Nitin Gadkari said that his ministry will issue road contracts worth Rs 3 lakh crore in three months. He said that in the current financial year, the ministry has spent a total of Rs 200 crore. Contracts worth Rs 5 lakh crore will be issued. Addressing a program, Gadkari said that due to the Lok Sabha elections and the model code of conduct, the pace of delivery of road projects was slow in the initial months of the current financial year and now is the time to speed it up.
This is the government's target for 2025
He said that I assure you that within three months we will get Rs. 3 lakh crore (road) contracts and by March 2025 our target is to give (road) contracts worth more than Rs. 5 lakh crore. Gadkari said that the ministry has many road projects in the pipeline and raising funds for these projects will not be a problem as the National Highways Authority of India (NHAI) has a very good reputation in the capital market.
The minister said that the current toll revenue of NHAI is Rs. 45,000 crore and in the next two years it will increase to Rs. 1.4 lakh crore. Gadkari said that we are monetizing road assets, from which we are getting money. So there is no problem of resources.
