The Department of Roads aims to complete over 90% of its capital spending by December

The Department of Roads and Motorways is aiming to spend over 90% of its 2023-24 budget capital expenditure (capex) of 2.59 lakh crore by December 2023, officials familiar with the matter said.

This spending will be used to upgrade roads across the country with a goal of completing 310 National Highways (NH) projects by the end of the calendar year.

Industry watchers expect there will be a slowdown in construction activity in the months after December 2023 as the model code of conduct comes into effect in a year of general and general elections.

“The goal is to reach 91% gross capital expenditure on budget support by December 2023,” said a senior official.

According to government estimates, 99,273 crore was spent on capital expenditure in the first three months of the current fiscal year, down slightly from 1.02 lakh crore in the same months of the previous fiscal year.

Of this, ₹79,015 crore was spent this year under the Bharatmala Pariyojana, the center’s flagship highway construction program. This resulted in 2,250 kilometers (km) of highways being built in the country between April and June 2023, compared to 1,977 km in the April-June 2022 period. The number of highways was 611 km in the reporting months, compared to 969 km in the comparable period last fiscal year.

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