Allowing ECB for Capital Expenditure on the Maintenance and Operations of Toll Systems for Roads and Highways

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..... Allowing ECB for Capital Expenditure on the Maintenance and Operations of Toll Systems for Roads and Highways
News and Press Release
Dated:- 18-4-2012

Press Information Bureau Governme .....

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..... nt of India Ministry of Finance 18-April-2012 17:45 IST Development of physical infrastructure especially Roads and Highways needs to be expedited. Towards this purpose, there is a need to augment .....

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..... avenues for financing of such projects. In order to provide a fillip to this sector as well as to further encourage public private partnerships in Road construction projects, Union Finance Minister .....

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..... , Shri Pranab Mukherjee in his Budget Speech 2012-13 had announced allowing ECBs for capital expenditure on the maintenance and operations of toll systems in the Roads and Highways sector provided the .....

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..... se are a part of the original project. This policy decision will provide an additional source of low cost capital and encourage greater investments in Road construction projects. RBI is expected .....

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..... to issue relevant circular/notification giving effect to the aforesaid Budget announcement within 7 days. **** SS/SL
News - Press release - PIB .....

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