Union Minister Nitin Gadkari on Friday assured investors that the internal rate of return (IRR) of infrastructure projects in the country is very high and they should not worry about their investments in the sector.
“The internal rate of return (IRR) is very high and so there is no issue with economic viability (of infrastructure projects in the country),” the road transport and highways minister said.
He was speaking at a national conference on investment opportunities in highways, transport and logistics.
He said the Mumbai-Pune Express Highway, which was built at a cost of Rs 1,600 crore, was first monetised for Rs 3,000 crore and later for Rs 8,000 crore.