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Infrastructure Allocation enhanced To ₹ 5.97 Lakh Crore: Transport Sector Gets An All Time High Allocation

Budget - Dated:- 1-2-2018 - Nabh Nirman initiative announced to expand Airport Capacity 10 Iconic Tourism destinations to be developed Allocation for Digital India program doubled : mission on cyber physical systems to be launched Rs. 10000 Crore provided for creation and augmentation of telecom infrastructure. Online monitoring system Pragati helps fast track infra projects worth ₹ 9.46 Lakh Crore The Government has enhanced allocation for the Infrastructure Sector in the Union Budget 201 .....

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, Shri Arun Jaitley while presenting the General Budget 2018-19 in Parliament here today. In the Urban Infrastructure Sector, the Government proposes to develop ten prominent tourist sites as Iconic Tourism destinations through holistic infrastructure and skill development. In addition, tourist amenities will be upgraded at 100 Adarsh monuments of the Archaeological Survey of India (ASI). The Finance Minister, Shri Arun Jaitley lauded the work being done under the government s inter linked progr .....

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y contracts for 494 projects worth ₹ 19,428 crore and sewerage work contract for 272 projects costing ₹ 12, 429 crore has been awarded. 482 cities have started Credit rating and 144 cities have got investment grade rating. The Finance Minister announced that his Ministry will leverage the India Infrastructure Finance Corporation Limited (IIFCL) to help finance infrastructure projects including investment in education and health infrastructure. In the Road sector, the recently approve .....

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ion of tunnel under Sela Pass. He also announced that for promoting tourism and emergency medical care, the Government will make the necessary frame work for encouraging investment in sea plane activities. In the Civil Aviation Sector, the Budget 2018-19 announced a new initiative NABH Nirman to expand airport capacity by more than five times to handle a billion trips in a year. The expansion will be funded by leveraging the balance sheet of Airports Authority of India. Domestic air passenger tr .....

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