The Public Investment Board (PIB) has questioned the income and expenditure projections of the first project under the Phase II of the National Highway Development Programme involving four laning of a 506.6-km stretch of the proposed east-west corridor in Gujarat.
At a recent meeting of the board, to discuss the funding for the Rs 2,509-crore project, the finance ministry said under the present formula the cost to the exchequer on account of grant was