Highways sector to see Rs 15 lakh cr investments in 5 yrs: Minister

The government's endeavour for world-class infrastructure will continue unabated with commitment to pump in another Rs 15 lakh crore in the highways sector in this five-year term, says Nitin Gadkari, the man in charge of India's infrastructure.

"We have spent Rs 17 lakh crore in the highways and shipping sectors combined in the last five years...Coming five years will see infusion of Rs 15 lakh crore in highways sector alone to provide world-class roads including 22 green expressways," Gadkari told in an interview.

The minister said with e-tolling coming into force, the toll income alone will cross Rs 8,000 crore per annum as ever since the FASTag system has been made mandatory at national highways, toll income has seen a jump of Rs 25 crore per day.

A total of 10 million FASTags have been issued till mid-December ever since the government made FASTags mandatory to facilitate digital payments to ensures hassle-free movement across 523 toll plazas. Some relaxation has been given on booths for the time being.

"Ever since the FASTag system has been introduced, it has resulted in increase of Rs 25 crore in toll income per day, which is expected to go up. We expect over Rs 8,000 crore per annum on account of e-tolling," Gadkari said.

(Agencies)