The highway sector has been the ignitor of PPP framework in India. The sector has received a significant support from the government and NHAI has played its role well through constant innovation.
Tag: highway sector
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By 2050, 60percent of India´s population will reside in towns
Western economies like Europe and the USA are already quite advanced when it comes to infrastructure development compared to the developing countries. In comparison, economies like China, India and rest of Asia are still showing high growth which would require a lot of infrastructure support to back up this growth.
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Road concessionaires allowed to sell out projects
In the highway sector, the Union government paved the way for developers to exit projects in between by diluting equity in favour of an interested company.
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Global companies rush to invest in India’s road projects
Several global funds and equity investors are making a beeline for investing in the highway sector, a move that will free up thousands of crores for Indian developers - funds that were held up in the absence of a government decision to allow existing players to exit immediately after completing the project.
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Govt focuses on meeting 3,000-km target
To discuss performance in the highway sector in 2012-13, the Union Road Transport Minister CP Joshi held a review meeting on March 11, but sought to focus on meeting the ministry's target of constructing 3,000 km of highways. This year, contracts for developing just 879 kilometre (km) of highways have been awarded as opposed to the original target of 8,800 km and the record performance of 2011-12 when contracts for 6,644 km were awarded.