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New scheme to lure cos to highway projects

New scheme to lure cos to highway projects

The government has drawn up a new scheme of ultra mega road projects (UMRPs), where firms will have the right to develop real estate alongside the stretches. This is to boost the viability of road products without adding to fiscal stress and attract big corporations into the sector. Each UMRP will be marked for its sheer size - Rs 20,000 crore each - and the resultant gain on cost efficiency.