Roadways

Road projects worth ₹50,000 crore to be offered under PPP in FY17

DELHI

The road transport and highways ministry has lined up projects worth Rs 50,000 crore to be awarded under public-private partnership mode in 2016-17. This will be the largest chunk of highways projects to be awarded by the ministry under the PPP mode in a single financial year.

The ministry plans to award close to 5,000 km to private companies during the next fiscal, officials said, reports The Economic Times. As part of this plan, the ministry will invite bids for its religious tourism circuit programme including Char Dham connectivity and the Bharat Mala project, which envisages development of roads along the international borders and coastal areas.

This year the government expects to garner more than Rs 20,000 crore by way of private investments in the roads sector. It has already awarded projects worth Rs 12,000 crore. “Projects will be awarded mostly under the hybrid annuity model. Some of them will also be given out on the build-operate-transfer (BOT) model. We are looking at awarding close to 5,000 km to private players,” a senior government official said.

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