India's Congress party-led coalition government is planning to invite foreign investors to participate in an ambitious move to increase road construction 10-fold as the country seeks to boost much-needed infrastructure development.
Kamal Nath, India's new road transport and highways minister, said he planned to set up a government “roads finance corporation” that would securitise its income and potentially list on the stock market to raise funds for his ambitious plan.
“The roads are in a mess,” Mr Nath told the Financial Times in an interview.
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