The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi, gave its approval to the Ministry of Road Transport and Highways
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NHAI to get a leg-up
The Ministry of Road Transport and Highways and the National Highways Authority of India (NHAI) have initiated a number of steps for speedy completion of national highway projects.
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Infra investment to bear fruit in 5 to 6 months
The Planning Commission member (infrastructure) BK Chaturvedi said that investment in infrastructure would rebound in the next 5-6 months. He said these factors will help push infrastructure projects, something which is high on the plan panel's agenda.
No to road regulator
Nitin Gadkari who assumed charge as the Minister for Road Transport & Highways and Shipping, is against the idea of a regulator for roads. He said the focus would be on hastening road projects stuck for long. The roads and highways ministry will also work towards finalising a toll policy.
New ministers for road transport and shipping
Nitin Gadkari has taken charge as the Union Minister for Road Transport and Highways and Shipping. On the occasion, the minister said efforts will be made
in a transparent manner to give fillip to infrastructure development under his ministry.
What lies ahead?
The Indian infrastructure sector has been snowed under unfavourable macroeconomic variables and project level stress over the past couple of years. The slowing economy had an adverse impact on the transportation sector, particularly the projects in the early ramp-up stage.