Govt to boost PPP in highways sector

hiThe Government of India declared it is constantly making efforts to increase the pubic-private partnership in the highway and infra sectors in the country.

In India where the private sector financing is taking place on a big way in the shape of public-private partnership projects, the Centre is constantly making efforts to create a favorable environment to channelize the private sector financing.

The Centre has made considerable efforts to fulfill the shortage in the highway and infra sector which is a thrust area of the Government.

In this year budget the Government has already declared setting up a regulatory device on which work has been started. The issues of debt management, institutional strengthening, restructuring of projects, and revision of MCA are being scrutinized and studied and revised time to time.

The Centre is dedicated to development of road network and the country is soon going to have world’s most wide national highway networks through various phases of the development project. The Government is planning to construct green field expressway in near future.

The Government is also planning for suitable maintenance plans keeping in view the budget and the demand. This policy will be effect in the big long term projects of PPP segments.

After a miserable show, the Road Transport and Highways Ministry had clambered down its projects award target by nearly half to 5,500 km in this financial year compared to a target of 9,500 km in 2012-13.

At the same time the Government is planning to add more lanes to existing highways and upgrading existing roads to reduce greenhouse effect.