• Rajasthan

    Cong 99
    BJP 73
    RLM 3
    OTH 24
  • Madhya Pradesh

    Cong 114
    BJP 109
    BSP 2
    OTH 5
  • Chhattisgarh

    Cong 68
    BJP 15
    JCC 7
    OTH 0
  • Telangana

    TRS-AIMIM 95
    TDP-Cong 21
    BJP 1
    OTH 2
  • Mizoram

    MNF 26
    Cong 5
    BJP 1
    OTH 8

* Total Tally Reflects Leads + Wins

Private banks show interest in funding highway projects under PPP mode

By: | Published: July 26, 2018 6:33 PM

Private banks, including HDFC, have shown interest in funding highway projects in public private partnership (PPP) mode, Parliament was informed today.

PPP model, Private banks, Nitin gadkari, HDFC, Kotak Mahindra Bank LtdGadkari said in the reply today, “the matter related to funding the projects under PPP is a matter between the concessionaire and the bank.”

Private banks, including HDFC, have shown interest in funding highway projects in public private partnership (PPP) mode, Parliament was informed today. “Some private banks, including HDFC and Kotak Mahindra Bank, have shown interest in funding some PPP proejcts,” Road Transport and Highways Minister Nitin Gadkari told Lok Sabha in a written reply today. The minister, last week, had informed the Lower House that banks have assured funding to the tune of Rs 1.30 lakh crore for highways construction.

Under PPP model, the concessionaire has the responsibility to tie up the funds from the banks/financial institutions. Gadkari said in the reply today, “the matter related to funding the projects under PPP is a matter between the concessionaire and the bank.”

Last week, the minister has said he has held meetings with banks, RBI Governor and Union Finance Minister regarding funding to the road sector. “Banks have informed me in writing that they are ready to give Rs 1.30 lakh crore for funding of highway projects built in EPC (engineering, procurement, construction) mode,” Gadkari has said.

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