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Infrastructure sector to get Rs99,534 cr boost

Infrastructure sector to get Rs99,534 cr boost
PTI
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First Published: Mon, Feb 16 2009. 05 37 PM IST
Updated: Mon, Feb 16 2009. 05 37 PM IST
New Delhi: Continuing its focus on infrastructure development, the government on Tuesday sought to give the sector a Rs99,534 crore boost under a host of schemes, a move that has been welcomed by industry.
Presenting the interim budget for 2009-10 acting finance minister Pranab Mukherjee allocated Rs40,900 crore for the Bhart Nirman project aimed at strengthening the country’s rural infrastructure, including water supply, power, housing and roads.
The minister also proposed an expenditure of Rs11,842 crore for the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) apart from Rs14,000 crore outlay for the Rural Infrastructure Development Fund (RIDF) with a separate window for rural roads to continue with a corpus of Rs 4,000 crore.
The interim budget also envisages a planned outlay of Rs10,000 crore for the Pradhan Mantri Gram Sadak Yojna, Rs8,800 crore spending on rural housing and a total of Rs9,992 crore for highway projects in various states and union territories.
“During 2005-2009, the allocation to this (Bharat Nirman) programme has been increased by 261%. For the year 2009-10, I propose an allocation of Rs40,900 crore for this programme,” Mukherjee said.
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First Published: Mon, Feb 16 2009. 05 37 PM IST