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Man standing at the edge of road to Bhandardara
The National Highway Authority of India is aiming to raise over $1bn through the privatisation of two bundles of roads.
The winning bidder for the North East Link PPP will design and build twin tunnels under the Yarra River and assume responsibility for maintaining a stretch of road for up to 25 years.
Taj Mahal India
The government has restructured a previous bundle that failed to fetch the desired price adding roads with ‘high traffic’.
Under the initial agreement, the fund and PSP-owned highway operator Roadis will invest in new opportunities on a 50:50 basis.
The government believes worsening borrowing conditions and lower traffic on the roads offered failed to attract investor interest.
Autostrade, which holds the concession for the bridge, has been excluded from the project but will pay for the reconstruction.
Two weeks after putting its renewables portfolio up for sale, the developer is looking to divest its roads business, as it works towards a restructuring plan.
The Labor government won re-election in a landslide last week and is pushing ahead with a spending spree on a raft of infrastructure projects.
The fatal collapse indicates a public-private failure. But confronting the formidable challenges of maintaining ageing infrastructure will require more – not less – public-private cooperation.
APG and Corsair Capital have claimed victory in their bid for Itínere, although Globalvia insists its accepted bid in July remains valid.
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