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Web Exclusive | July 2014

Ailing road sector gets FM push

Our Mumbai News Bureau    The ailing road sector was in dire need of a real push and the Finance Minister, while impressing his boss, kept the promise. With an allocation of Rs 37,800 crore for National Highways and State Highways, that includes Rs 3,000 crore for the North Eastern region, the Finance Minister has won the confidence of private infrastructure developers.    A target of national highway construction of 8,500 km has been announced (vs 4,000 km in the 2013-14 budget). Positive for companies like IL&FS Transportation Networks and Ashoka Buildcon, which are into engineering procurement and construction (EPC).

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