Economic News

Private sector invests Rs 15,164 cr in roads till November this fiscal

By Administrator_India Capital Sands

Road Transport and Highways Minister Nitin Gadkari said private sector investment in road construction in 2020-21 and 2019-20 was Rs 12,475.53 crore and Rs 21,925.98 crore, respectively

Private sector investment in road construction till November this financial year stood at Rs 15,164.25 crore, Parliament was informed on Thursday.

In a written reply to the Lok Sabha, Road Transport and Highways Minister Nitin Gadkari said private sector investment in road construction in 2020-21 and 2019-20 was Rs 12,475.53 crore and Rs 21,925.98 crore, respectively.

Gadkari said the review of Model Concession Agreement (MCA) documents of various modes of road construction under PPP (public-private partnership) is a continuous exercise, and changes are made to address the concerns of the stakeholders, as and when required.

The minister also informed that a total length of 6,722.31 km has been completed out of 7,245.07 km of National Highway projects under build-operate-transfer (BOT-annuity) and build-operate-transfer (BOT-Toll) mode.

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