The Minister for Road Transport and Highways of India, Shri Kamal Nath has invited the investors, contractors and concessionaries from Japan to invest in the Indian Highways Infrastructure program, the largest PPP (Public Private Partnership) road program in the world.
Talking to the investors at Tokyo, Shri Nath informed that 122 projects of a Road length of about 11,000 km worth USD 20 billion are to be awarded by June 2010. He also informed the investors and concessionaires about the vast potential in the expressways segment.
He said, in addition to the National Highways Development Programme, the Ministry of Roads & Highways intends to undertake development of almost 17,000 km of Expressways in the country for which a separate Expressway Authority of India will be set up.
He announced that over the next 6 months Expressway projects for 1,000 km are likely to be bid out. The Minister was speaking at the various investors meet organized by the Confederation of Indian Industry (CII), Nomura Holdings and Daiwa Capital Markets in Tokyo today.
One of the key opportunity areas discussed was installation of user friendly Electronic Toll Collection (ETC) and Intelligent Transport System (ITS) in India.
Source: Government of India.