NEW DELHI: Government has set a target of completing 10,950 km of National Highways for the current fiscal while 2,892 km highways have been constructed till October end, Parliament was informed today.
“It is targeted to complete 10,950 km of National Highways during 2015-16,” Minister of State for Road Transport and Highways Pon Radhakrishnan said in a written reply to Rajya Sabha.
The minister added that 2,892 km have been constructed till October 31, 2015.
“The targets for construction are fixed scheme wise. Allocation for the development of highways for the current year under the various schemes of the Ministry is Rs 81,114.59 crore,” the minister said.
The government had earlier said it has set a target of awarding 10,000 km of highways in 2015-16.
The source of funds for construction of national highways include budgetary support from the government, part proceeds of central road fund, plough back of toll revenue, market borrowings and equity from the developers, it had said.
It had said 100 per cent foreign direct investment is permitted in highways sector.