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Highway projects worth Rs 1,900 cr get poor response
April 13, 2013April 13, 2013by In Roads & Highways

Highway projects worth Rs 1,900 cr get poor response

Country-wide highway projects worth over Rs 1,900 crore have found no takers even though these are based on the annuity model under which the concessionaire recovers a fixed amount of the investment from the government each year, a situation that officials say reflects the severe financial crunch in the private sector. The projects, for four-laning 177 km along NH-37 in Assam, are part of the Special Accelerated Road Development Programme in the North East approved by the Cabinet earlier this mo