Moneycontrol PRO
HomeNewsBusinessEconomyGovt sanctions Rs 1,170 crore for road projects in Ladakh: Nitin Gadkari

Govt sanctions Rs 1,170 crore for road projects in Ladakh: Nitin Gadkari

In a post on social media platform X, Gadkari said Rs 1,170.16 crore has been sanctioned for 29 roads projects, encompassing state highway and other major roads in the Union Territory.

December 29, 2023 / 15:35 IST
Govt sanctions Rs 1,170 crore for road projects in Ladakh: Nitin Gadkari

Union minister Nitin Gadkari said the government has sanctioned Rs 1,170.16 crore for 29 roads projects in Ladakh.

In a post on social media platform X, Gadkari said Rs 1,170.16 crore has been sanctioned for 29 roads projects, encompassing state highway and other major roads in the Union Territory.

Additionally, Rs 181.71 crore has been allocated for 8 bridges under the Central Road and Infrastructure Fund (CRIF) scheme for the fiscal year 2023 24, the road transport and highways minister said.

He said Ladakh, the largest Union Territory in terms of area and the second least populous in the country, will witness improved connectivity to its remote villages through the approved initiatives.

The enhancement in road connectivity is expected to stimulate economic activities, particularly in agriculture and tourism, contributing to the overall infrastructural development of Ladakh, he added.

PTI
first published: Dec 29, 2023 03:06 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347