New Delhi: The railways and highways ministries have been gearing up for a daily capital expenditure of Rs 900 crore since April to address the huge expenditure on infrastructure building and setting up their homes.
The budgetary support for capital expenditure for both the sectors is estimated to be over Rs 3.2 lakh crore, which is about 43% of the total estimate for all sectors. On top of this, the Railways has been allowed to raise another Rs 1 lakh crore from the market for other ventures including dedicated freight corridors and bullet trains. Similarly, the National Highways Authority of India (NHAI) can raise around Rs 25,000 crore from innovative financing such as InvIT and securitization of future tolls.
Keeping in view the tough target, Railway Minister Ashwini Vaishnava All the General Managers and Chief Administrative Officers responsible for the construction projects have been directed to prepare the bidding documents so that they can start inviting bids at the earliest. Budget is passed by Parliament this month. in sources Ministry of Highways He said that they have also expedited the process of bidding and focus is on expediting the construction of parts of NH for which works have been allotted.
Vaishnav recently had a one-day review meeting with Apex, where he asked them to ensure that action plans and target programs are made available to field engineers or officers. Similarly, highways are reviewed weekly to remove impediments to completion of ongoing projects and change in scope of work.
The budgetary support for capital expenditure for both the sectors is estimated to be over Rs 3.2 lakh crore, which is about 43% of the total estimate for all sectors. On top of this, the Railways has been allowed to raise another Rs 1 lakh crore from the market for other ventures including dedicated freight corridors and bullet trains. Similarly, the National Highways Authority of India (NHAI) can raise around Rs 25,000 crore from innovative financing such as InvIT and securitization of future tolls.
Keeping in view the tough target, Railway Minister Ashwini Vaishnava All the General Managers and Chief Administrative Officers responsible for the construction projects have been directed to prepare the bidding documents so that they can start inviting bids at the earliest. Budget is passed by Parliament this month. in sources Ministry of Highways He said that they have also expedited the process of bidding and focus is on expediting the construction of parts of NH for which works have been allotted.
Vaishnav recently had a one-day review meeting with Apex, where he asked them to ensure that action plans and target programs are made available to field engineers or officers. Similarly, highways are reviewed weekly to remove impediments to completion of ongoing projects and change in scope of work.