Road Sector Signals Green Shoots of Recovery

With strong political stability equally supported by the investor–friendly policy initiatives and sufficient funds earmarked in the current Budget, the country's road sector is opening up huge business vistas for road builders in coming months. On this score, tackling the dwindling interest of contractors and investors in the PPP model, the government is currently focusing on the EPC model under which it will fund the road projects of 8,500 km entailing an investment worth Rs.37,880 crore during the current fiscal, besides committing to fast track the road project clearance and delivery mechanism. For bringing the PPP model back to its pristine glory, the government has set up 3P India with a corpus of Rs.500 crore to resolve issues derailing the PPP projects.