Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusiness

Centre to invest Rs 1.44 lakh crore in road projects in Karnataka

Union Roads Minister Nitin Gadkari, who is on a two day official tour to the state said that "the Centre has plans to invest approximately an amount of Rs 1,44,922 crore in the Karnataka in the next two years".

February 19, 2018 / 09:11 PM IST
Nitin Gadkari

Nitin Gadkari

The Centre today said it has plans to pump in around Rs 1.44 lakh crore in road projects in Karnataka over the next two years.

Union Roads Minister Nitin Gadkari, who is on a two day official tour to the state said that "the Centre has plans to invest approximately an amount of Rs 1,44,922 crore in the Karnataka in the next two years".

He will lay the foundation stone for over 500 km of highways projects worth over Rs 3700 crores in the districts of Shimoga, Bellary, Bidar, Bijapur and Hubli in Karnataka.

Gadkari, who laid the foundation stone for 138.5 km of highways projects worth Rs 873.5 crore in Shimoga district, said that 6,805 km of National Highways have been declared in Karnataka between 2014-2017, as against only 6760 km up to 2014.

"With this, the total length of national highways in the state has gone up to 13,565 Km, including 6,433 km declared in principle," he said.

The minister said that while there are 105 ongoing projects worth Rs 19,638 crore, another 19 projects of length 230 km and costing Rs 1,676 crore will soon be awarded.

PTI
first published: Feb 19, 2018 09:01 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!

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