(The Gist of PIB) Road construction target  [MAY-2020]

(The Gist of PIB) Road construction target

Road construction target

• The Union Minister for Road Transport and Highways held a meeting on the impact of COVID-19 on the auto sector.

Key highlights of the meeting: 

• Union Minister for Road Transport and Highways has set a target of constructing roads worth Rs 15 lakh crore in the next two years.
• The Minister informed that he has directed the ministry officials to finalize the auto scrapping policy quickly which will go a long way in cost reduction.
• He also suggested exploring cheaper credits including foreign capital for enhancing liquidity in the automobile manufacturing sector.

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Courtesy: PIB