Mumbai: The Bharatiya Janata Party’s (BJP) promise to invest ₹100 trillion in infrastructure across the next five years has fired up optimism in the sector, with the party securing a thumping win in the 17th Lok Sabha elections.
The last five years have seen massive spending in roads, railways, water, irrigation and urban infrastructure. With a spate of mergers and acquisitions, the secondary market was active as well. In the roads sector alone, 52 projects worth ₹37,019 crore were sold between 2015 and 2018, besides the new 30-year lease toll-operate-transfer (TOT) model introduced to recycle capital and auction operating road assets to private equity investors.
