Centre plans invest Rs 111 lakh crore in infrastructure projects under NIP: Gadkari

The Centre has launched the National infrastructure Pipeline (NIP) under which it has planned to invest Rs 111 lakh crore on infra projects by 2024-25, Union Road Transport and Highways Minister Nitin Gadkari has said.

“The NIP is a first of its kind exercise to provide world-class infrastructure across the country and improve the quality of life for all citizens,” he said addressing an event virtually.

Keeping with Prime Minister Narendra Modi’s vision of making India a $5 trillion economy in the next five years, the government is targeting to invest Rs 25 lakh crore in the road sector, he said.

Two major highway projects – Amritsar-Ajmer and Delhi-Amritsar-Katra – worth Rs 65,000 crore were also being planned, he said.