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Budget 2012: Govt to spend Rs 50 lakh crore on infra in 12 th plan
Markets will look to consolidate in the week ahead after most event risks like monetary policy and budget now over.
17 Mar 2012, 01:43 AM IST 
Shinzo Nakanishi, Managing Director, Maruti Suzuki India
Finance minister Pranab Mukherjee on Friday said that investments in infrastructure in the 12th Five- Year Plan will be raised to Rs 50 lakh crore.
Emphasising on the role of private sector in developing the infra sector, the FM said half of this investment will come from the private sector.
The Centre will also issue tax-free bonds of Rs 60,000 crore for funding infrastructure projects in 2012 -13.
The amount will be used for urban infrastructure development including metro rail projects, road building, comprehensive water management and sewage treatment plants in various cities in country.
For building roads , the Centre will award contracts for 8,800 km in 2012/13.