Private investors spurn Indian road PPPs

Only 22 of India’s 60 proposed road projects have received bids from private investors.

Nearly two thirds of the Indian government’s proposed road building public private partnerships (PPPs) have yet to receive a single bid from private investors, according to the Wall Street Journal.    
The country’s National Highways Authority split the development of around 25,000 kilometres of motorways into 60 individual projects, which were then tendered to private contractors. Only 22 have received any offers.

The Indian government wants to spend up to $500 billion on infrastructure improvements in 2007-11, a third of which should be private investment.