Plan Comm to organise PPP to develop state highways
Enthused by the encouraging response from private sector in modernising national highways, Planning Commission is facilitating an interface between state governments and private players for the development of state highways.
By PTI |
NEW DELHI: Enthused by the encouraging response from private sector in modernising national highways, Planning Commission is facilitating an interface between state governments and private players for the development of state highways.
A conference has been organised here tomorrow on public private partnership (PPP) in state highways where concerned senior officials from states and industry would participate to get a better understanding of the need for investment in modernisation of 30,000-km network of state highways.
The conference will serve as a forum for sharing knowledge and experience and is aimed at attracting private investment on a larger scale for the development of state highways.
According to tentative estimates, states need to mobilise over Rs 30,000 crore from PPPs during the 11th Five Year Plan.
Planning Commission seem to be pushing state governments to expedite road construction process so that a visible impact on transformation of society can be seen before next general elections, which are about two years away.
In a recent meeting on infrastructure, Prime Minister Manmohan Singh was informed that in the current fiscal, concessions would be awarded for the development of 6,273 km, which would cost over Rs 40,000 crore. Of this, 2,995 km would be in NHDP V whereas 2,224 km will fall in NHDP IIIA.
Another 1,000 km would be awarded in NHDP III B.
The conference will be inaugurated by Planning Commission Deputy Chairman Montek Singh Ahluwalia and Minister for Shipping, Road Transport and Highways T R Balu. PTI PRS
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