Roadmin working on model pact to suit global investors
Several investors, including Canadian Pension Fund, Abu Dhabi Investment Fund and some from the US, Europe and Singapore, have shown interest in buying various projects.
The highways ministry is formulating a model pact for its projects to suit the needs of private investors, especially from the US, the Middle-East and Singapore, who have shown keen interest in operating them.
Several investors, including Canadian Pension Fund, Abu Dhabi Investment Fund and some from the US, Europe and Singapore, have shown interest in buying various projects.
As many as 10 public-funded national highway projects, out of a basket of 75, have been identified by the government for monetisation.
"We are in the process of formulating a model concession agreement (MCA) to suit the needs of international investments," a ministry official told
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)