India intends investing in infrastructure in future

The Indian Government has plans for massive investment in road and transport infrastructure. The country’s Road Transport Ministry has announced it will spend some US$ 80.65 billion in developing its road network between 2015 and 2019. Contracts for some 40,000km of road in all will be awarded during this period. The country also has a strategy of supporting private investment in transport through lower interest rates on loans for PPPs, providing partial funding from central government for local road safety measures.