Slowdown in roads sector to affect Bharatmala project with 55% cost overruns: India Ratings2 min read 14 Oct 2019, 06:48 PM IST
India Ratings and Research revised its roads sector outlook to stable-to-negative from stable
The subdued funding climate and the fall in traffic volumes have hamstrung private developers, who are unable to participate in bids for new projects
The current economic slowdown has shaken lose yet another domino as credit rating agencies downgrade their outlook on the sector. The biggest loser here, however, will be the government and its ambitious road construction programme under Bharatmala Pariyojana, which is expected to suffer 55% cost overruns and at least a two-year delay in its timeline for awarding new projects.
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