Back to News Pipe News    

   

Monetisation of 105 road projects can fetch Rs 1.25 lakh crore: Nitin Gadkari. 
Date: 28 Feb 2018
INT|20180228|003 

Monetisation of 105 road projects can fetch Rs 1.25 lakh crore: Nitin Gadkari. Gadkari also announced that the Prime Minister will inaugurate the Eastern Peripheral Expressway on March 15 along with the first phase of Delhi-Meerut Expressway. Monetisation of 105 road projects can easily fetch Rs 1.25 lakh crore and there is no dearth of funds for building highways, Union Minister Nitin Gadkari said today. The road transport minister also said the highways ministry plans to complete projects worth Rs 15 lakh crore by 2019.
"Now we have decided to monetise the road projects. There are 105 projects that are ready. We can easily get Rs 1.25 lakh crore from monetisation of these," Gadkari said while addressing the Asian Infrastructure Investment Bank annual meeting here. Emphasising that this was the "golden time" to invest in the road and shipping sectors in the country, the minister said availability of funds is not a problem for these sectors. "My ministry can claim to save the Indian bankers from NPA of Rs 3 lakh crore" by rolling out stuck road projects through a number of initiatives, he added.
All this has resulted in a heightened pace of activity in these sectors, he said and called upon private investors to bid for the upcoming access controlled expressway projects.

 


Back to News Pipe News