Against the target of 6300 km for construction under various schemes of the Ministry of Road Transport and Highways during the current year, 3038 km have been constructed till 31st January, 2015.
Ministry of Road Transport and Highways has requested for additional funds to accelerate the progress of work to Ministry of Finance. The request was not considered by the Ministry of Finance.
To expedite completion of projects various steps have been taken which include streamlining of land acquisition, streamlining of environment clearances, exit for equity investors, premium re-schedulement, securitization of road sector loans, close coordination with other Ministries, revamping of dispute resolution mechanism, frequent reviews at various levels etc.
This information was given by Minister of State for Ministry of Road Transport and Highways Shri Pon Radhakrishnan in a written reply in Lok Sabha today.
Ministry of Road Transport and Highways has requested for additional funds to accelerate the progress of work to Ministry of Finance. The request was not considered by the Ministry of Finance.
To expedite completion of projects various steps have been taken which include streamlining of land acquisition, streamlining of environment clearances, exit for equity investors, premium re-schedulement, securitization of road sector loans, close coordination with other Ministries, revamping of dispute resolution mechanism, frequent reviews at various levels etc.
This information was given by Minister of State for Ministry of Road Transport and Highways Shri Pon Radhakrishnan in a written reply in Lok Sabha today.
