The programme is targeted for completion by 2022.
"Bharatmala is a proposed umbrella scheme at an estimated cost of Rs 2,67,200 crore" the Economic Survey for 2015-16 tabled in Parliament by Finance Minister Arun Jaitley said today.
The survey said the government would spend Rs 80,250 crore on development 7,000 km of state roads along coastal areas or border areas, including connectivity of non-major ports.
For backward areas, religious and tourist places connectivity it will spend Rs 85,250 crore on augmenting another 7,000 km, it said.
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With about 52.32 lakh km of road network comprising National Highways, State Highways and other roads, India has the second largest road network in the world.
The National Highways (NH) in the country cover a total length of 1,00,475 km and carry about 40 per cent of the road traffic.
Under Special Accelerated Road Development Programme for North-Eastern region (SARDP-NE) under phase A the government will take up improvement of about 4,099 km road length (2,933 km of NH and 1166 km of state roads) by March 2017.
The survey said under Phase B, which will be taken up after Phase A is completed, it will cover 3,723 km (1,285 km NHs and 2,438 km state roads) of road.
On the status of the National Highways Development Project (NHDP) it said a total length of 26,177 km road has been completed as on December 31.