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To market its projects both abroad and in India the Union Road Transport and Highways Ministry is looking to hire industry bodies and the International Finance Corporation (IFC). The government's move comes after private investors showed disinterest in the the road projects this year.
For its expressway projects worth over Rs 30,000 crore and 15 other highway projects in the pipeline, the Ministry is looking to engage the industry bodies and IFC, an arm of the World Bank.
The Confederation of Indian Industry (CII), Federation of Indian Chambers of Commerce and Industry (Ficci) and IFC have been consulted by the ministry in this regard. The Prime Minister Manmohan Singh recently relaxed the deadline set for awarding three expressway projects and allowed more time to the ministry to structure its projects better to get a good response.