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

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....llowing ECB for Capital Expenditure on the Maintenance and Operations of Toll Systems for Roads and Highways <br>News and Press Release<br>Dated:- 18-4-2012<br><BR>Press Information Bureau Governmen....

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....t 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 a....

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....venues 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 thes....

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....e 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<BR> News - Press release - PIB....