To address the ever-growing traffic congestion menace in the capital, the government has decided to decongest the city with a six-lane project worth Rs 28.20 billion.
For instance, out of the 111 identified National Waterways, 106 were conceived in 2016 alone. An assertive Nutan Guha Biswas, Chairperson, Inland Waterways Authority of India (IWAI) is confident that the statutory agency will continue to exceed its performance in 2018.
The Union Budget for fiscal 2018 has a progressive outlook and encourages investments with initiatives like affordable housing being given infrastructure status to avail new funding avenues. The Budget has expanded the scope for the capital and bond markets.
Shipping, Road Transport and Highways Minister Nitin Gadkari has said that the Sagarmala project will fetch nearly Rs 12-15-lakh crore of capital investments. He estimated that the port-led development plan would generate direct and indirect employment for around two crore people and provide a huge fillip to the countryÂ’s economic growth