BackGovt provides Rs1.73 trillion to boost infra sector in 2010-11
Govt provides Rs1.73 trillion to boost infra sector in 2010-11
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New Delhi: In order to boost infrastructure, finance minister Pranab Mukherjee gave a lion’s share of the total plan allocations on Friday at Rs1.73 trillion to the sector, which includes roads, ports, airports and railways, in 2010-11.
In the Budget for 2010-11, the sector will claim as much as 46% of Rs3.73 lakh crore of the total plan outlay.
How will the budget impact sectors? Where should you invest? Find out on Livemint.com’s Budget 2010 microsite.(Click here)
“I propose to maintain the thrust for upgrading infrastructure in both rural and urban areas," Mukherjee said in his Budget speech.
Of the total allocations for the infrastructure sector, those for roads and railways account for Rs36,646 crore, an increase of about Rs3,500 crore.
Mukherjee said in order to make a visible impact on the road sector, the government has made changes in the policy framework for public-private-partnership (PPP) projects and has targeted construction of national highways (NHs) at the pace of 20 km per day.
He said allocation for road transport sector has been increased by 13%. “For the year 2010-11, I propose to raise the allocation of road transport by over 13% from Rs17,520 crore to Rs19,894 crore," he added.
He proposed to raise the allocation for railways by Rs950 crore in 2010-11 compared with Rs16,752 crore last year to help it expand its network.
“I have provided Rs16,752 crore in the Budget for 2010-11 for railways to lend her a helping hand," he said.
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