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The government of India has announced highway projects worth $93 billion, which includes flagship National Highway Development Projects (NHDP) with $45 billion investment over next three years.
The investment opportunity includes Bharat Mala project of $12 billion for 6,000 kms, scheme for providing connectivity to 123 district headquarters for $15 billion and construction of 350 bridges in two years for $8 billion and a Char Dham connectivity for 2,500 kms in mountainous terrains for $8 billion and a strong network of roads in the North-East and boarder areas for $5 billion.
To attract potential investors, the government has made significant reforms to create financially attractive projects, right of way (ROW) for project land is being made available to concessionaires free from all encumbrances, while NHAI is providing capital grant (Viability Gap Funding) up to 40 per cent of project cost.
Government is giving incentives like 100 percent tax exemption for 5 years and 30 percent relief for the next 5 years which can be availed of in 20 years, while the Ministry is also providing investments through policy initiatives from sources like pension and insurance funds in the sector with consultation from Ministry of Finance and the RBI.
News Source: Government announces highway projects worth $93 billion to woo investors - The Economic Times
The investment opportunity includes Bharat Mala project of $12 billion for 6,000 kms, scheme for providing connectivity to 123 district headquarters for $15 billion and construction of 350 bridges in two years for $8 billion and a Char Dham connectivity for 2,500 kms in mountainous terrains for $8 billion and a strong network of roads in the North-East and boarder areas for $5 billion.
To attract potential investors, the government has made significant reforms to create financially attractive projects, right of way (ROW) for project land is being made available to concessionaires free from all encumbrances, while NHAI is providing capital grant (Viability Gap Funding) up to 40 per cent of project cost.
Government is giving incentives like 100 percent tax exemption for 5 years and 30 percent relief for the next 5 years which can be availed of in 20 years, while the Ministry is also providing investments through policy initiatives from sources like pension and insurance funds in the sector with consultation from Ministry of Finance and the RBI.
News Source: Government announces highway projects worth $93 billion to woo investors - The Economic Times
. since this is a government project so we will get not better than what we have now. 
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