The Union government has permitted the construction major Larsen and Toubro to form a business trust in Singapore and list of its six toll road projects on the Singapore stock exchange that could raise up to $1 billion. The National Highways Authority of India board has approved the L&TÂ’s plans to set up the trust.
Tag: toll road projects
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Traffic underperformance is key risk
As NHAI attracts yet another round of premium bids, a report says that toll road projects in first-year traffic was below projections by up to 45 per cent.