Road ministry paves way for Rs 55,000 Crores worth investments

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 Minister Narendra Modi will make a pitch to global investors to participate in the auction.

(Image credit: Indiatimes)