Highway development projects under CIRF Scheme unveiled in Karnataka and Telangana
The recommended initiative is likely to boost economic growth, spur local tourism, and enhance the regional economy. Additionally, it creates job opportunities by promoting tourist development and improving transportation infrastructure.
Union Minister for Road Transport & Highways, Shri Nitin Gadkari has unveiled projects, in Karnataka, while allocating Rs. 1385.60 crore that has been sanctioned for the enhancement and reinforcement of 295 Road Development Projects spanning a total length of 2055.62 Km under the CRIF Scheme across diverse districts.
According to the government's perception, this endeavor not only aims to upgrade infrastructure but also promises to ameliorate connectivity, thereby fostering socio-economic development.
Read Also : Arun Kumar, Director, Petroleum Ministry Appointed as Government Nominee Director to EIL BoardSimilarly in addition to this in Telangana, approval has been granted for the allocation of Rs. 850.00 crore towards the Widening and Strengthening of 31 State Road Projects, encompassing a total length of 435.29 Km under CRIF.
The recommended initiative is likely to boost economic growth, spur local tourism, and enhance the regional economy. Additionally, it creates job opportunities by promoting tourist development and improving transportation infrastructure.
Read Also : Cochin Shipyard Limited secured a Large order from a European ClientThe Central Road and Infrastructure Fund (earlier known as Central Road Fund) was established in 2000 under the Central Road Fund Act, 2000. The fund comprises a cess imposed along with excise duty on petrol and diesel. The administrative control of the CRIF falls under the Ministry of Finance.
Read Also : TCS To Set Up First-of-its-Kind Human-Centric AI Center of Excellence in FranceNews Must Read
- Cochin Shipyard Limited secured a Large order from a European Client
- Karur Vysya Bank announces Q4 Results: Registers 45% Growth in Net Profit
- PSU stocks on way to announce IPO for their green energy segment
- BEML reports stellar performance in Q4 FY24 results: Net Profit jumps by 62.5%
- NHAI took strict action against Toll Operating Agency for Misbehaving with Highway Users
- MRPL gets new Executive Director
- HUDCO signs MoU with Surat Integrated Transportation Development Corporation
- RVNL emerges lowest bidder from South East Railway to receive electronic interlocking order
- BPCL Q4 results, Consolidated net profit falls 30% to Rs 4,789 crore
- India on track to achieve solar power generation sustainability