Union Budget 2021- Reforms and Announcements for Roads and Highways
In her budget 2021 speech, Hon’ble Finance Minister Nirmala Sitharaman announced a massive expansion of road and highways infrastructure in India. Highlighting the success of the Bharatmala Pariyojna project- under which 3,800 km length of roads out of 13,000 km have been constructed- she announced that an additional 11,000 km of National Highway corridors would be completed by March 2022. She also announced an outlay of Rs. 1,18,101 lakh crores for the Ministry of Road Transport and Highways which includes the highest ever outlay for capital of Rs. 1,08,230 crores.
The Finance Minister also announced several economic corridors to augment the road infrastructure-
Construction is expected to begin for an additional 8 expressway/corridor projects in 2021-22. Furthermore, all new four and six lane highways would be equipped with Advanced Traffic Management System.
Given the indispensability of roads to the country’s development, the announcement of new projects and the enhanced outlay to the Ministry of Road, Transport and Highways are all welcome steps.