With just four months left for the fiscal year to end, it appears unlikely the target will be met even if spending is speeded up, two people aware of the development said.
The April-November period saw road sector capex at about ₹1.49 lakh crore, road ministry data showed, against a record ₹2.72 lakh crore allocated by the Union budget. The budget had allocated the sum to complete work on at least 13,000km of highways, including some stretches on access-controlled expressways. However, backlogs and delays in getting clearances, especially for land acquisition, slowed many greenfield and brownfield projects, one of the two people cited before said. Work is progressing only in projects that have missed deadlines, the person added.
This story is from the December 17, 2024 edition of Hindustan Times Noida.
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This story is from the December 17, 2024 edition of Hindustan Times Noida.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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