Transport Update

Pvt cos to invest in road projects

October 2011
The government expects the private sector to invest Rs 50,000 crore in the highways sector as it aims to award contracts for building 7,300 km of roads in 2011-12. In the current year, bids for about 4,600 km have already been received/invited and before the year ends, it will award concessions for 7,300 km. In the first four months of 2011, the government awarded PPP projects with an investment of over Rs 21,000 crore.