PM Narendra Modi reviews infra works

The road ministry, NITI Aayog said on its Twitter account, will push the hybrid annuity and build-own-transfer models to attract private capital in the sector.

By: ENS Economic Bureau | New Delhi | Published: May 31, 2016 1:31:58 am

Prime Minister Narendra Modi on Monday took a review presentation from NITI Aayog’s Chief Executive Officer Amitabh Kant on the infrastructure sector, particularly roads and railways. In the meeting, Modi asked the Ministry of Road Transport and Highways to boost share of private sector in road financing.

The road ministry, NITI Aayog said on its Twitter account, will push the hybrid annuity and build-own-transfer models to attract private capital in the sector.

The Cabinet Committee on Economic Affairs, in January, had approved the hybrid annuity model as one of the modes of delivery for implementing the highway projects. The government had said that adopting such a model for projects that were found to be unviable on build-own-transfer mode shall be more effective in terms of maximising the quantum of kilometers implemented within the Centre’s available financial resources.

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The prime minister also called for increased focus on decongesting hotspot points on highways by developing by-passes & improving logistic flow. He also directed measures to reduce waiting time at toll plazas.

To ease the burden on Indian roads, Modi also asked for increase in modal share of railways in both freight and passenger services.

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