On Tuesday, the Union Road Transport and Highways Minister Nitin Gadkari said that the government is planning to launch 100 highway projects in next year through the public-private partnership(PPP mode).
“The government will award 100 projects on PPP mode next year. Under the hybrid model, we will give you on platter projects with land acquisition and environment clearances,” he said.
“Forty per cent cost will be borne by us while 60 per cent will be funded by you. Of the 60 per cent, banks will provide 30 per cent of the requirement,” he added.
He further said that 95 per cent of problems pertaining to PPP projects had been addressed, and asked investors not to worry and just “change their perception about PPP” as in the present hybrid model, even toll collection will be done by the government.