The government on Friday said it will launch infrastructure projects worth Rs 2 lakh crore in the current financial year and weed out corruption in a bid to boost the sector.
Addressing the annual convention of Society of Indian Automobile Manufacturers here, road transport and highways minister Nitin Gadkari said, “We have cleared bottlenecks. It is easy to construct express highways but difficult to get environment clearance. However, we are removing hurdles. We have cleared projects worth Rs 1.5 lakh crore. Now this year we will launch projects worth Rs 2 lakh crore.”
He added that his ministry was also looking to build 2 lakh km of roads, including widening of existing one lakh km of highways, under the PPP mode. Gadkari also said that there is no dearth of money to finance the projects and if needed, the ministry could securitise toll revenue.