As the pace of highway construction has slackened, the Ministry of Road Transport and Highways has scaled down the pace of capital expenditure and is now aiming to spend 80% of its budget outlay by December as against 91% it had targeted earlier.
In April-August period the ministry’s capital expenditure stood at Rs 1.12 trillion against the overall outlay of Rs 2.58 trillion. Last year during the same period the ministry had spent Rs 1.09 trillion as against the budget allocation of Rs 1.87 trillion. The allocation of the ministry was later increased to Rs 2.06 trillion when revised estimates were presented to Parliament in February this year.
