Key Highlights of Union Budget 2021-22 (Roads Infrastructure)

Union Budget for 2021-22 presented by Hon'ble Union Finance Minister Ms. Nirmala Sitaraman on 1st Feb 2021 in the parliament of India, Hon’ble finance minister was talking about how country endured COVID 19 and there are signs that the political, economic, and strategic relations in the post COVID world are changing.

This Budget was the first budget of this new decade also paperless and digital.

Key Highlights - Roads Infrastructure

The National Infrastructure Pipeline (NIP) was launched with 6835 projects the project pipeline has now expanded to 7,400 projects. Around 217 projects worth 1.10 lakh crores under some key infrastructure Ministries have been completed.

Asset Monetisation

National Highways Authority of India (NHAI) has sponsored one InvIT that will attract international and domestic institutional investors.

Five operational roads with an estimated enterprise value of 5,000 crores are being transferred to the NHAI InvIT.

Bharatmala Pariyojna

More than 13,000 km length of roads at a cost of 3.3 lakh crores has been awarded under the 5.35 lakh crores Bharatmala Pariyojana project of which 3,800 kms have been constructed.

By March 2022 Road Ministry would be awarding another 8,500 kms and complete an additional 11,000 kms of national highway corridors.

Economic Corridor

To augment road infrastructure, more economic corridors are also being planned.

Some Economic corridors are,

3,500 km of National Highway works in the state of Tamil Nadu at an investment of 1.03 lakh crores. These include Madurai-Kollam corridor, Chittoor-Thatchur corridor, Construction will start next year.
1,100 km of National Highway works in the State of Kerala at an investment of 65,000 crores including 600 km section of Mumbai Kanyakumari corridor in Kerala.
675 km of highway works in the state of West Bengal at a cost of 25,000 crores including upgradation of existing road-Kolkata – Siliguri.
National Highway works of around 19,000 crores are currently in progress in the State of Assam.

Further works of more than 34,000 11 crores covering more than 1300 kms of National Highways will be undertaken in the State in the coming three years.

Some of the flagship corridors and other important projects that would see considerable activity in 2021-22 mentioned below. In this budget finance ministry also providing enhanced outlay of 1,18,101 lakh crores for Ministry of Road Transport and Highways of which 1,08,230 crores is for capital, the highest ever.

Flagship Projects: Roads and Highways Major Expressways/Corridors

Delhi-Mumbai Expressway: Remaining 260 km will be awarded before 31.3.2021.
Bengaluru – Chennai Expressway: 278 km will be initiated in the current financial year. Construction will begin in 2021-22
Delhi-Dehradun economic corridor: 210 km corridor will be initiated in the current financial year. Construction will begin in 2021-22
Kanpur-Lucknow Expressway: 63 km expressway providing an alternate route to NH 27 will be initiated in 2021-22.
Chennai – Salem corridor: 277 km expressway will be awarded and construction would start in 2021-22.
Raipur-Vishakhapatnam: 464 km passing through Chhattisgarh, Odisha and North Andhra Pradesh will be awarded in the current year. Construction will start in 2021-22.
Amritsar-Jamnagar: Construction will commence in 2021-22
Delhi –Katra: Construction will commence in 2021-22

Advanced Traffic management system with speed radars, variable message signboards, GPS enabled recovery vans will be installed in all new four and six lane highways.

Key Highlights of Union Budget 2021-22 (Roads Infrastructure)

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