Road ministry paves way for Rs 55,000 Crores worth investments
Advertisement
The government is hoping to raise around Rs 55,000 Crores through auction of 111 EPC projects by the end of the current financial year as the Road Ministry finalizes a proposal that will allow global pension funds to buy directly into existing Govt-owned EPC projects.
"Through this model, investors will be insulated from construction risk and will only have to take operations risk of running a project," a top Government source said.
The ministry wants this as a boost to the global road conference where Prime MinisterNarendra Modi will make a pitch to global investors to participate in the auction.
(Image credit: Indiatimes)
Advertisement
Advertisement
"Through this model, investors will be insulated from construction risk and will only have to take operations risk of running a project," a top Government source said.
The ministry wants this as a boost to the global road conference where Prime Minister
(Image credit: Indiatimes)
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- From terrace to table: 8 Edible plants you can grow in your home
- India fourth largest military spender globally in 2023: SIPRI report
- New study forecasts high chance of record-breaking heat and humidity in India in the coming months
- Gold plunges ₹1,450 to ₹72,200, silver prices dive by ₹2,300
- Strong domestic demand supporting India's growth: Morgan Stanley