FY25 budget may see slight increase in allocation for road construction, as govt. expects private investments to pick up

FY25 budget may see slight increase in allocation for road construction, as govt. expects private investments to pick up

The increase in allocations may, however, be moderate, ranging from between 5% and 10% of the FY24 (revised estimate) levels as the government expects a significant increase in private money flowing into the sector.  The government is anticipating an increase in private investments in road construction projects being awarded under the build-operate-transfer (BOT) toll model … Read more

Budget 2024: Focus on infra, capex allocation up for road transport ministry

Budget 2024: Focus on infra, capex allocation up for road transport ministry

The Budget for FY25 has raised capital allocation for the ministry to ₹2.72 trillion from the FY24 budgeted level of ₹2.58 trillion. Mint had reported that capital allocation for the sector would rise further to maintain focus on building more number of highways and access-controlled expressways in the country. A substantial portion of higher allocation … Read more