The Government has invited foreign investment and bids for speedy completion of mega road projects in the country. The Minister for Road Transport & Highways Mr.Kamal Nath met the potential US investors in New York city to discuss the creation of Expressway Authority of India.This will expedite development of Expressways in the country. An official press release says that road transport ministry has set a target of building 7,000 km of highways per year. It translates into a total investment of 80 Billion US dollars in the next 3 – 5 years.Out of this, 45 Billion US dollars are anticipated to come from the private sector. The Minister had similar meetings at Mumbai, Singapore, Zurich and London to showcase the potential of investment in the road sector .
News On AIR | September 18, 2009 3:24 PM
Govt invites foreign investment, bids for mega road projects