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Signs of Revival in Road Sector: IRB Confident on Bagging 10% of New BOT Projects.

News

The government intends to invite tenders for at least 8000 km out of which nearly 50 per cent or 4000 km are likely to be bid on build, operate and transfer (BOT) model this fiscal. Toll road firm IRB Infrastructure Developers expects to bag at least 400 km. 

Source: ET

SNP Insights

The new initatives taken by the government to revive the road sector is finding postive signs from the industry in the form of companies confident in bagging upcoming projects. This may result in increased private participation in the road sector which may help the government to achieve the road construction target of 30 Km/day. This postive repurcussion may extend to other sectors which in future will have a postive impact on Indian economy.

Source: SNP Infra Research