LOK SABHA
During the financial
year 2002-2003 (upto January 2003), the National Highways Authority
of India (NHAI) has raised Rs.5275 crore from market (through
issue of capital gains tax exemption bonds under Section 54
EC of Income Tax Act) to part finance the National Highways
Development Project (NHDP).
During the
financial year 2002-2003, an amount of Rs.2000 crore has been
allocated to NHAI from cess funds to part finance NHDP.
The Ministry
of Road Transport and Highways has proposed to levy an additional
cess of 30 paise per litre on petrol and diesel for funding
of second phase of NHDP.
This information
was given by the Minister of State (Independent Charge) for
Road Transport and Highways, Maj. Gen. (Retd.) B.C. Khanduri
in a written reply to a question of Shri T.M. Selvaganapathi
in Lok Sabha today.
