MoRTH ropes in pri­vate banks in road in­fra fi­nanc­ing

NBM&CW - - NEWS -

In an en­cour­ag­ing devel­op­ment in the coun­try’s road and high­way sec­tor, pri­vate banks like HDFC, Ko­tak Mahin­dra, In­dusInd, Yes Bank and RBL have shown keen in­ter­est to fund more na­tional high­way projects also un­der the pub­lic-pri­vate part­ner­ship (PPP) model. This comes at a time when some of the pub­lic sec­tor banks, reel­ing un­der mas­sive NPAs, are hes­i­tant to fi­nance more road con­struc­tion works.

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