Budget impact on roads sector: PwC view

PriceWaterhouseCoopers report on roads sector points out significant proposals. Here's a quick snapshot.

For financial year 2008-09, overall GDP growth rate of India was 6.7% whereas fiscal deficit was 6.2%.Phase I & II of National Highway Development Programme(NHDP) envisaged 4/6 laning of about 14,330 kilometers of national highways. As against this 11,037 kilometers is completed as of March 31, 2009. Government approval has already been accorded to Phase III, IV, V, VI and VII of NHDP. The same comprises of 27,000 kilometers of lanes and expressways at a cost of Rs 145,000 crores (appx). This will expedite road development to a great extent.

For the complete report, see the attachment