Gadkari asks private players to come forward for developing social bonds

Union Minister Nitin Gadkari on Monday asked all private sector entities to come forward for the development of social bonds, saying the corpus generated through the social contribution may be used to finance projects like the zero fatality corridor.

Addressing a virtual event, the road transport and highways minister said the private sector can utilise their corporate social responsibility (CSR) fund to address all 4E’s (engineering, enforcement, education, and emergency care services) of road safety.

“The idea presented to me here today of Private capital mobilisation through social bonds, sustainability-linked bonds and pooling of CSR funds can be widely used for road safety improvement efforts. This is a welcome step,” he said.