The Centre is envisaging an investment of 80-billion dollars in the construction of roads and highways over the next four years, half of which is likely to come from private and foreign investors. Talking to reporters in Mumbai, Union Road Transport and Highways minister, Kamal Nath said India also plans to put up 120 projects, covering 12,000-kilometres of roads for bidding in the next 8-10 months. The Minister said these funds would flow into India in the form of debt, equity, pension funds and insurance funds. He said the Centre is also considering a proposal to relax External Commercial Borrowing norms .