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    Govt confident of meeting aggressive infra targets: Gadkari

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    Infrastructure development

    The government is confident of meeting aggressive targets and wants private investment in infrastructure but it has enough resources and access to financing to implement projects, minister of road transport, highways and shipping, Nitin Gadkari told at a gathering of industrialists, chief executives and corporate leaders in NewDelhi recently.  National Highways Authority of India (NHAI) is ‘AAA’ rated and investors want to invest in it.   Its toll income is more than Rs 10,000 crore a year, he said.  The ministry has 101 projects, which we can monetize and get Rs 1.2 lakh crore.  He said the government will give the highest priority to local investors and contractors.  Railway minister, Suresh Prabhu said the government had inherited challenges as no investments were made by its predecessors in capacity building or improving services. The government expects a big pickup in investments. Urban development minister, Venkaiah Naidu said investment of Rs 2.25 lakh crore is expected under the smart city mission, of which the central and the state governments would offer about Rs 1 lakh crore while the private sector is expected to bring in about a quarter of the total, Naidu said.

    Source: diligentia.net.in

    Image source: www.focusweekly.net


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