In an attempt to achieve the laid down targets of building road length of 30 km per day, the highways sector is all set to get Rs. 45,000cr funding booster in the upcoming Budget, transport minister, Nitin Gadkari said adding that the current government at the centre has managed to award contracts for about 4,000 km of roads out of its target of 8,500 km during the fiscal. This is not a mean achievement in view of the fact that private sector investment almost dried up and the government awarded nearly three-fourths of the roads through engineering, procurement and construction (EPC) route and that it is committed to build roads till the time private sector steps in.
If the issue of funding is addressed in its true spirit, the sector can gather pace after the budget, said a leader capital projects and infrastructure at PwC India, adding that the government will also need to tackle other associated issues including land acquisition, permissions for rail over bridges, among others, so that road projects are awarded and built on the fast tracked basis. Apart from this, there is also a provision for developers to borrow from the National Highways Authority of India (NHAI) and that in all probability by the end of current fiscal, India will be able to construct 3,500 km of roads and highways against the target of 5,000 km, claimed, managing director, National Highways & Infrastructure Development Corporation, Anand Kumar, reiterating that a larger part of the funds will have to be disbursed by the government in the second year of construction for projects awarded this year, which will also call for an increase in allocation.