We have already come across the news that development is to touch various Indian cities. The government has declared that the development will take place in various phases. It has recently approved the plan of constructing 1000 km of expressways under the NHDP Phase-V. The presumed expenses can be somewhere around Rs 16,680 crore as per DBFOT.
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The finance minister, Arun Jaitley, on Thursday claims that an investment of more than ₹ 50 lakh crore will be required to construct a network of roads, railways, airports, water ports and inland waterways. The budget of 2018-19 has allocated only ₹ 5.97 lakh crore for the building of infrastructure. The government says that it considers this sector as the driver of economic growth.
Mr. Arun Jaitley added the budget will increase the allocation from the estimated amount of ₹ 4.94 lakh crore in 2017-18. It is expected to increase the GDP growth.
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