Union Road Transport and Highways Minister Nitin Gadkari said that the government is giving utmost priority to the development of infrastructure and has set a target of road construction worth Rs 15 lakh crore in the next two years. The Ministry for Road Transport and Highways will achieve the target of 40 km per day of highways construction in the current fiscal.
He said that the government is permitting 100 per cent FDI in the road sector. The Minister said that in India, projects like the National Infrastructure Pipeline (NIP) for 2019-2025 is the first of its kind and the government is committed to provide world-class infra to its citizens and improving the quality of their lives. He reportedly conveyed that under the NIP, there are over 7,300 projects to be implemented at a total outlay of Rs 111 lakh crore by the year 2025. He said that the NIP aims at improving project preparation, and attract investment into infrastructures like highways, railways, ports, airports, mobility, energy and agriculture and rural industry.