This conversation [is] with the minister Nitin Gadkari. Nitin Gadkari is currently the minister of Road Transport and Highways, Shipping and Water Resources, River Development and Ganga Rejuvenation. He is perhaps the most watched minister of the government today because the very corn`erstone of… Prime Minister Modi’s promise of new India rides upon his hard work… the challenge of building a next generation infrastructure for a new India. I welcome you on behalf of the team Swarajya and we thank you for giving your crucial time for this discussion with the readers and the audience of the Swarajya.
Sir, coming back to your ministry, the highways and the shipping, their projections that India will need more than 50 lakh crore in the coming years to be invested in the infrastructure. Now if you take the example of the road infrastructure in this country, the two major issues plaguing the road infrastructure — one is the land acquisition and the other one is the lack of the financing, the capital markets in India not deep enough to finance them. So, how are you moving about ensuring that such an enormous amount of investment can actually be tapped for the purpose of building roads, waterways now, especially when the PPP model which we have tried for the last couple of years has not worked very satisfactorily, in a very satisfactory manner? So, you have been moving away from the PPP towards the EPC contracts and now you have brought in the Hybrid Annuity Model, so what do you think is the way forward to mobilize the resources for the infrastructure? Read More