Public Private Partnership in National Highways: Indian Perspective
From Open Energy Information
Owing to constraints of public funding, Public Private Partnership (PPP) has come to play a major role in the development of national highways in India. The National Highways Act, 1956 was amended in 1995 with a view to enabling private investment in development, maintenance and operation of highways. The Government initiated several other measures in this direction such as declaration of road sector as industry to facilitate borrowing on easy terms and reduction in the custom duties on construction equipment.