Home » Govt to attract foreign firms to build roads

Govt to attract foreign firms to build roads

Govt to attract foreign firms to build roads

The Union government is to hold road shows in countries like China and Australia in the next few months to attract foreign companies to take up road construction projects in the country. Road developers in India like GMR, GVK, L&T are staying away from bidding due to fiscal constraints and land acquisition problems.

The Union Ministry of Road Transport & Highways says it has prepared a presentation to be made to the Prime Minister shortly and one of the proposals is to do road shows abroad to ask investors to participate in PPP (public-private partnership) projects in India.

Comments

Leave a Reply

Your email address will not be published.