Finance Minister P Chidambaram's Union Budget announcements seems to have worked well for the infrastructure space, at least to an extent.
The FM has announced to increase provision for National Highway Development Programme to Rs 10,667 crore versus Rs 9,945 crore.
Further, allocation for rural road programme of RIDF-13 continues to be at Rs 4,000 crore.
He also announced that two more ultra power projects would be approved by July 2007. Further, an outlay for irrigation has also been announced at Rs 11,000 crore.
He has also announced a hike in tourism infra to Rs 520 crore from Rs 423 crore. Further, mutual funds will now be able to launch dedicated infrastructure funds.
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