Rs 10 trn to upgrade 30K km of 2-lane roads to 4-lane highways: Gadkari

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Rs 10 trn to upgrade 30K km of 2-lane roads to 4-lane highways: Gadkari - Business Standard

Quick Summary:

Union minister Nitin Gadkari on Thursday said that infrastructure development is key to making India a strong economic power, and the highways ministry has taken a decision to convert 25,000-30,000 km two-lane highways into four lanes at an investment of Rs 10 lakh crore.

Addressing an event here, Gadkari further said that the Ministry of Road Transport and Highways (MoRTH) will now encourage the Infrastructure Investment Trust (InvIT) model to raise money for highway projects from Indian investors.

We have taken a decision to convert 25,000-30,000 km two-lane highways in the country into four lanes for Rs 8-10 lakh crore," he said.