India is seeking help from Chinese and Malaysian infrastructure firms to rescue highway projects that have failed to find any takers in the country. The Nitin Gadkari-led road transport and highways ministry has started the talks with some companies to get them to bid for projects including the eastern peripheral expressway and Delhi-Meerut highway in fresh tenders.
There are around seven projects worth Rs 3,400 crore that were bid out by the previous government but did not to get any takers. The ministry is positive about the fact that speedier execution by these projects would also draw Indian players to the sector.
There are close to 189 highway projects having investments of around Rs 1, 80,000 crore are stuck due to problems of land acquisition, delays in forest and environment clearances, non-transfer of defence land and hurdles in rail over bridges.