India’s path to economic recovery faces another obstacle, with Prime Minister Narendra Modi asking the state road builder to stop constructing highways after its debt ballooned almost seven-fold over the past five years.
“National Highways Authority of India totally log jammed with unplanned and excessive expansion of roads,” the Prime Minister’s Office wrote to NHAI in a letter dated August 17. “NHAI mandated to pay several times the land cost; its construction costs also shooting up. Road infrastructure has become financially unviable.”
