Government ready with infrastructure projects worth Rs 15 lakh crore

The government is ready with a basket of highway projects worth Rs 15 lakh crore to be offered over the next five years. With this, the infrastructure sector is set to play a major role in bolstering the economy. Speaking on the sidelines of Infra Awards 2019 by D&B India, the Minister of State for Road Transport and Highways, V K Singh said, "We have a basket of approximately Rs 15 lakh crore projects which have to be given out in 5 years that are coming up. These include economic corridors, port connectivity, connecting important places, SEZs and tourists places." Singh underlined the government's focus on infrastructure and stated that infrastructure encompasses areas which bolster the economy, generate employment and kick off growth.

In a related development, the Road Transport and Highways Minister, Nitin Gadkari informed that parliament about the government's resolve to award infrastructure projects only when 90% of the land required is available and all statutory clearances have been obtained. Gadkari shared that 566 national highway projects are running behind schedule primarily on account of issues relating to land acquisition and getting environment, forest and wildlife clearances, and disputes in arbitration. He informed the parliament that steps are being taken to streamline and fast track these projects.

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