New Delhi July 24 (IANS) It would cost around Rs seven lakh crore for development of national highways and other roads under various government schemes and proposed Phase-I of Bharatmala programme upto 2021-22 Parliament was told on Monday.
"The estimated fund requirement for development of national highways/roads under various schemes and proposed Phase-I of Bharatmala Pariyojana is about Rs 6 92 324 crore upto Financial Year 2021-22 " Minister of State for Road Transport and Highways Mansukh Lal Mandaviya told the Rajya Sabha in a written reply.
He said the money would come from Gross Budgetary Support including national highway share of Central Road Fund cess toll remittance expected monetisation of national highways through Toll-Operate-Transfer route market borrowings by National Highways Authority of India (NHAI) and private sector investment.
"The estimated share of private sector investment and expected monetization through Toll-Operate-Transfer route during this period are about Rs 1 06 000 crore and about Rs 34 000 crore respectively; which together form about 20.22 percent of total estimated fund requirement of Rs 6 92 324 crore " he said.
--IANS
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