NEW DELHI: The road and infrastructure cess levied on petrol and diesel will be the main source of funding for accelerating the building of national highways and providing piped water connection to rural households.
While nearly 75% of the Budget allocated for highway development is estimated to be from this cess during the 2022-23 financial year, the entire funding of Jal Jeevan Mission and the rural component of the Swachh Bharat Mission will done be from fuel cess.
The Budget documents show nearly Rs 1.48 lakh crore for the highways sector will come from the Central Road and Infrastructure Fund (CRIF) compared to around Rs 89,000 crore for the current financial year ending March 31.
