BackPrivate participation in road development programme
Private participation in road development programme
Chennai: Prime Minister Manmohan Singh today said his government would encourage private sector participation especially in the road development programme through additional incentives and facilities.
“We will encourage private sector participation in the road development programme through additional incentives and facilities", he said while laying the foundation stone for India’s longest elevated corridor connecting Chennai Port and Maduravoyal junction here.
“Substantial private sector investment will not only free government resources of other needs such as education and health but also promote technological upgradation and the capacity to manage and maintain high quality road network", he said.
He said his government had taken a policy decision that all future projects under National Highway Development Programme would be offered in Public Private Partnership (PPP) mode.
Indian industries should take pride in the roads they built and maintain and adopt highest standards of quality, he said.
The total length of the four-lane corridor, being taken up by the National Highways Authority of India at a cost of ₹ 1,655 crore, would be 19 km and would be the longest one in the country, an official brochure of the project, circulated to the media, said.
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