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India To Invest $108 billion on New Roads

India To Invest $108 billion on New Roads

In the next five years, the Government of India plans to build 51,994 miles of roads at the cost of  $108 billion. This is the largest-ever outlay for road construction in India. The country has 59,813 miles of national highways, while the total length of all roads currently is 2 million miles.

The plan involves a highway network of 21,624 miles connecting India’s western border to the eastern end; while the state-run National Highway Authority of India and the ministry of road transport and highways will build another 30,370 miles of roads, reports Quartz.

National Highway No. 1 near Jammu
National Highway No. 1 near Jammu

The federal government decided to increase public sector spending to turn around the economy. Vinayak Chatterjee, chairman at Feedback Infra said, “The road sector has one of the highest economic and employment multiples in the country. In that sense, this is possibly the best stimulus that we can get.”

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