Govt plans to set up Rs 1 lakh cr road financing corporation
03/07/2014 16:06
The Narendra Modi-led government will initiate measures to turn-around the Highways sector in 2 years’ time by garnering funds to the tune of Rs one lakh crore in a year, Road Transport and Highways Minister Nitin Gadkari said here today, reported PTI. "I will prepare a blue print for road sector reforms in a month. I will arrange funds to the tune of Rs one lakh crore in a year... The results will be out in two years," Gadkari said at a conclave on Budget Aaj Tak today. His statement comes a day after the new government in a White Paper blamed the previous regime's policies such as awarding of projects without proper land acquisition for the poor performance of road sector wherein about 60 per cent of NHAI's scheme are embroiled in disputes, as per the media reports.
03/07/2014 16:06
The Narendra Modi-led government will initiate measures to turn-around the Highways sector in 2 years’ time by garnering funds to the tune of Rs one lakh crore in a year, Road Transport and Highways Minister Nitin Gadkari said here today, reported PTI. "I will prepare a blue print for road sector reforms in a month. I will arrange funds to the tune of Rs one lakh crore in a year... The results will be out in two years," Gadkari said at a conclave on Budget Aaj Tak today. His statement comes a day after the new government in a White Paper blamed the previous regime's policies such as awarding of projects without proper land acquisition for the poor performance of road sector wherein about 60 per cent of NHAI's scheme are embroiled in disputes, as per the media reports.
