Govt may allocate Rs 90,000 cr for road projects under PMGSY

The Modi government will present its fourth Budget in 2018. While it is anticipated to be a “populist budget” ahead of a stream of assembly elections next year, the Budget may see an allocation of Rs 90,000 crore for development of roads under Pradhan Mantri Gram Sadak Yojana (PMGSY) spread over three years.

The government is



expected to spend approximately Rs 1,00,000 crore on building new roads, including the ones in areas affected by Left-Wing Extremism (LWE) and upgrading roads already built under PMGSY.

The Budget is anticipated to push rural infrastructure in a big way and may allocate an additional Rs 11,000 crore for roads in LWE, through PMGSY.