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States to increase investments on roads by 1920-21 - ICRA

Infra News - Published on Thu, 09 May 2019

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Rating agency ICRA expects state level spend on roads to increase at a growth rate of 22% to INR 1.43 lakh crore by 2020-21 from INR 96,000 crore in the year ended March, driven by Maharashtra and Uttar Pradesh. Road expressway project would give fillip to capex in the sector in these two states. In Maharashtra, the planned Nagpur-Mumbai expressway alone could see investments of INR 35,000 crore over next three years, while there would be other road improvement programme through hybrid annuity mode. UP will see almost IR 20,000 crore spend on Purvanchal and Ganga expressways over the next three years, of the total estimated cost of INR 25,000 crore for the project.

States with highest capital allocation to roads are, Uttar Pradesh, Tamil Nadu, Maharashtra, Karnataka and Odisha, which together accounted for 53% of the total spend in the sector. These states have deployed around 27% of the development capital outlay towards roads and bridges. Among non-special category states, Chhattisgarh and Jharkhand are the two top states in terms of proportion of development outlay, around 35%, deployed towards road asset creation while Telangana and Andhra Pradesh are the laggards with less than 10% of development capital allocation.

Indian state highways pan across 166,000 km, accounting for about 4% of the total road network and carry 25% to 30% of the total road traffic.

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Posted By : Mohan Sharma on Thu, 09 May 2019
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