Capex allocation likely to rise 10% for roads, rlys

The proposed hike comes against the backdrop of govt push to private investments in highway sector.

- Subhash Narayan

NEW DELHI: The Centre proposes to keep its focus on rapid infrastructure growth in the next financial year, with plans to push capex allocation for the ministries of road transport and highways, and railways in the upcoming budget by up to 10%, two persons aware of the development said.

The proposed modest increase comes against the backdrop of the government targeting a big increase in private investments into the highway sector in projects being awarded under the build-operate-transfer (BoT) toll model.