‘Govt Expects 25L cr to Flow into Infra Over Three Years’
New Delhi: The government is expecting investments worth .₹ 25 lakh crore over the next three years in the roads, railway and shipping infrastructure that includes setting up of 27 industrial clusters at ports at around .₹ 8 lakh crore, Union Minister Nitin Gadkari said on Friday.
“We are committed to overhaul country's infrastructure and gradually working towards achieving this. We plan to spend .₹ 25 lakh crore in our highways as well as shipping sector which includes setting up of 27 industrial clusters near the ports at an estimated cost of .₹ 8 lakh crore,” Gadkari said here.
Apart from .₹ 8 lakh crore on developing 27 industrial clusters, another about 5 lakh crore would be spent on road, railway and ports connectivity projects, the Minister said on the sidelines of an event by Indo-American Chamber of Commerce.
Besides, smart cities will be built at ports which will entail a huge investment, he said.
Earlier addressing the Chamber event, Gadkari said, “By May this year, awards in highways projects will swell to .₹ 2 lakh crore from .₹ 1.6 lakh crore now and by May 2017 it will be another .₹ 5 lakh crore.”