Gujarat 2nd highest road projects under PPP mode
With a share of over eight per cent, Gujarat has 22 road projects worth over Rs 13,675 crore under construction in the public-private partnership (PPP) model as of August 2012,apex industry body ASSOCHAM said today.
According to a study titled 'PPP in Road Sector 2012,' by The Associated Chambers of Commerce and Industry of India (ASSOCHAM), Uttar Pradesh accounts for highest share of over 33 per cent. It has 15 road projects worth over Rs 55,000 crore under construction in the PPP model.
Tamil Nadu ranks third after Gujarat with 21 road projects worth over Rs 12,700 crore under construction accounting for about 7.7 per cent, followed by Maharashtra (7.3 per cent share) and Andhra Pradesh (5.8 per cent share).
With a share of over seven per cent, Gujarat ranks fourth with 6 road projects worth over Rs 3,790 crore in the bidding stage. Besides, there are about 10 completed road projects in Gujarat worth over Rs 1,412 crore that have been put to service delivery under the PPP model. The roads sector in India has the highest number of projects under construction, under bidding and second highest share in the under operation stage in the public-private partnership (PPP) model as of the aforesaid period, the study said.