• Govt doubles highways target to 15,000 km in next fiscal

    The government has set a target of constructing 15,000 km of highways in the next financial year, 50 per cent more than that in the current fiscal.

    The road transport and highways ministry expects to construct a record 8,000 km of highways this fiscal, even as that will be 2,000 km short of the target.

    Officials said 5,000 km of highways were constructed between April and December 2016, at 18.5 km a day on average.

    However, they said, the pace always remains subdued during the monsoon months and picks up during the last quarter. In the last fiscal, the ministry built nearly 6,100 km of highways, higher than 4,410 km in the previous year.

    The budget for 2017-18 has earmarked nearly Rs 12,000 crore more for the ministry for the next fiscal, compared to the revised allocation of Rs 52,446 crore for the current year.

    Besides, the ministry has been allowed to raise another Rs 59,000 crore through National Highways Authority of India (NHAI) bonds during the next fiscal.  Brett Hull Jersey

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