Union minister says rupees seven lakh crores investment needed for the highways sector over the next five years
This requirement will be met from the Gross Budgetary Support of the Ministry, the Central Road Fund, toll remittance, monetisation of National Highways through Toll-Operate-Transfer (TOT) model, external borrowings by National Highway Authority of India and private sector investment, said Minister of State for Road Transport & highways and Shipping, Mansukh Mandaviya.
He said this in a written reply in the Rajya Sabha on Wednesday.
He also said that the Ministry of Road Transport & Highways has identified 208 level crossings on National Highways for construction of ROBs under Setu Bharatam Scheme and feasibility study of 87 ROB projects has been completed so far.
Mandaviya said that the Central government has envisaged to increase the existing National Highway network of 1.15 lakh kms in the country to 2 lakh kms. The requirement of funds for development of these National Highways will be met through different sources.
In a separate written reply, Mansukh Mandaviya informed the House that the Central government encourages the use of plastic waste in construction of National Highways specially within 50 km periphery of the urban areas having population of 5 lakhs or more.
However, at present, no National Highway has been constructed using plastic waste, he said.
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