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  5. 125,000 km of road to be upgraded over next 5 years at a cost of Rs 802.5 billion: Sitharaman

125,000 km of road to be upgraded over next 5 years at a cost of Rs 802.5 billion: Sitharaman

Finance Minister Nirmala Sitharaman presented her maiden budget in the Lok Sabha today. On National Highways Program, Sitharaman said a comprehensive restructuring of the national highways will be done. Read on to know about the other significant announcements made in regard to the Indian Railways.

India TV Business Desk Edited by: India TV Business Desk
New Delhi Updated on: July 05, 2019 12:13 IST
Budget 2019-20
Image Source : INDIA TV

Budget 2019-20: Nirmala Sitharaman on National Highways Programme

Presenting her maiden budget in Lok Sabha, Finance Minister Nirmala Sitharman said, "comprehensive restructuring of National Highways Programme will be done, to ensure the creation of National Highways Grid of desirable capacity. The government envisions using rivers for cargo transport, it will also decongest roads and railways."

Finance Minister Nirmala Sitharaman also said 125,000 km of road will be upgraded over the next 5 years at a cost of 802.5 billion rupees.

Since the past many years, the Indian Railways has been suffering from poor operating efficiency. The operating ratio remained above 95 per cent, reaching 98.4 per cent during 2017-18 during the last three years of the previous Modi government. 

The other significant announcements made on Indian Railways are 

 - 657 kms of metro rail network has become operational across the country

 - Railway infrastructure to need Rs 50 lakh cr till 2030

 - Public-private partnerships to be unleashed to develop rail infrastructure

 - Schemes such as Bharat Mala, Sagarmala and UDAN are bridging the rural-urban divide and improving transport infrastructure

Of late, the Railway Ministry has tried to supplement its revenues by the way of asset monetisation. The move is expected to generate around Rs 25,000 crore for the organisation.

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