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Construction : Project Update | May 2016 | Source : Infrastructure Today

Centre expects Rs.25 lakh crore investment for infra development

The government is expecting investments worth Rs.25 lakh crore over the next three years in roads, railway and shipping infrastructure. ¨We are committed to overhaul the country´s infrastructure and are gradually working towards achieving this. We plan to spend Rs.25 lakh crore in our highways and shipping sectors which includes setting up of 27 industrial clusters near ports at an estimated cost of Rs.8 lakh crore,¨ Gadkari said.Apart from this, about another Rs.5 lakh crore would be spent on road, railway and port connectivity projects, the Minister said on the sidelines of an event by the Indo-American Chamber of Commerce. Besides, smart cities will be built at ports which will entail a huge investment, he said. Gadkari added, ¨By May, awards in highways projects will swell to Rs.2 lakh crore from Rs.1.6 lakh crore.¨
 
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