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Lok Sabha
The total unutilized amount upto 31-03-2005 of the Central Road Fund (CRF) earmarked for the State Roads is Rs.1606.18 crores. However, as per provisions of Central Road Fund Act, 2000, funds accrued to CRF are non-lapsable in nature. The release of funds from CRF depends on the utilization of the released amount and the progress of works approved on the basis of the proposals submitted by the respective State Governments and implemented by them.
This Department’s guidelines to the States specify that such CRF works are to be completed within a period of 2 years. States governments are regularly requested to increase the pace of the progress of CRF works and the progress of utilization of funds from CRF is monitored quarterly.
This information was given in the Lok Sabha today in a written reply by the Minister of State for Shipping, Road Transport and Highways, Shri K. H. Muniyappa.
VBA/BS
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