Malaysia keen to invest in road projects

New Delhi: Malaysia has shown keen interest to invest in India's highways projects, which are being developed under public-private-partnership (PPP) mode.

A big delegation of government representatives from Malaysia, Construction Industry Development Board (CIDB), which is a statutory body under Minister Works, developers and top bankers held meetings with officials at the road ministry and also interacted with the highway minister Nitin Gadkari on Monday.

The interests from overseas players have come at a time when private players are coming back in the highway sector with six projects being bagged by them under PPP mode recently. In four cases, developers have promised premium, an upfront annual payment to NHAI.

"Their banks and other financing agencies are ready to provide debt to their companies if they bag projects. The recent decision to allow a developer to divest his equity from a project two years after completion has boosted their faith in our system. We want more and more overseas player to take up works here," said road secretary Vijay Chhibber.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.