The government is exploring policy mechanisms to capture the increase in land value resulting from road projects, including auctioning exits at greenfield expressways and ‘betterment’ levy, as it looks to ramp up funding for infrastructure creation, a senior official told ET.
In this regard, the roads ministry is studying global best practices on innovative ways of infrastructure financing, the official said, adding that a decision on which mechanism will be used will be taken after the new government takes charge.
