India looks to boost spending on roads for 2015/16

India’s ministry of transport and highways is seeking an additional US$1.17 billion on top of a record spend for road construction and maintenance. The ministry has already earmarked nearly $11 billion for the year 2015/16. The government recently announced plans to build a new 600km highway connecting Katra with New Delhi. The route, costing around $2.25 billion, will run through Punjab, Haryana, Jammu and Kashmir states. A consultant is being selected to carry out a feasibility study for the project
Finance & Funding / September 15, 2015
India’s ministry of transport and highways is seeking an additional US$1.17 billion on top of a record spend for road construction and maintenance.

The ministry has already earmarked nearly $11 billion for the year 2015/16.

The government recently announced plans to build a new 600km highway connecting Katra with New Delhi. The route, costing around $2.25 billion, will run through Punjab, Haryana, Jammu and Kashmir states. A consultant is being selected to carry out a feasibility study for the project.
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