NHAI Budget 2024-25: Rs 1.68 Lakh Crore Allocation - ET
Feb 01, 2024 20:32
India's Finance Minister marginally increased the NHAI budget for FY25 to Rs 1.68 lakh crore, focusing on infrastructure development. Learn more about the allocation and its implications.
New Delhi, Feb 1 (PTI) Finance Minister Nirmala Sitharaman on Thursday marginally increased the allocation to state-owned National Highways Authority of India (NHAI) to Rs 1.68 lakh crore for 2024-25 from last year's revised allocation of Rs 1.67 lakh crore.
The pre-election Budget 2024-25 document has allocated marginally enhanced outlay of Rs 2.78 lakh crore for the highways sector.
An allocation of Rs 2.70 lakh crore was made for the highways sector for 2023-24, which was revised to Rs 2.76 lakh crore.
NHAI and National Highways and Infrastructure Development Corporation Ltd (NHIDCL) are primarily responsible for the construction of national highways and expressways in India.
The Ministry of Ports Shipping and Waterways saw a dip in allocation -- from Rs 2,395 crore in the 2023-24 revised estimates to Rs 2,345 crore in the 2024-25 interim Budget.
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