Government to give 100 highway projects on PPP mode

By Abha Manakatala - Tue Oct 27, 11:59 am

government-to-award-100-highway-projects-on-ppp-next-year-3576The Union Government is planning to launch 100 highway projects through Public-Private-Partnership (PPP) mode next year, Union Road Transport and Highways Minister Nitin Gadkari said today.

Asking investors to change their perception about PPP, the Minister said all problems pertaining to the mode have been addressed and this year seven projects worth Rs 11,500 crore have already been awarded in contrast to a nil last year.

He said, “The government will award 100 projects on PPP mode next year with land acquisition and environment clearances”.

Forty per cent cost will be borne by us while 60 per cent will be funded by you. Of the 60 per cent, banks will provide 30 per cent of the requirement,” added Gadkari.

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