Union Minister for Road Transport and Highways Oscar Fernandes has said that the Ministry has been adding 17 kilometres of road a day and is to set up a road regulator before the end of the next parliament session. The road regulator is to address various concerns in the road industry.
The Union government’s main concern is that it is not finding bidders for new road projects. It was evident when recently it invited bids for a number of projects, but found no takers.
Fernandes said that the Union Finance Ministry has now set up a committee under C Rangarajan to decide on the premium to be paid and the terms and conditions for rescheduling and the government is waiting for the recommendation of the committee.
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