Nitin Gadkari pitches for setting up of a dedicated funding agency for highways

Minister for road transport and highways Nitin Gadkari on Wednesday pitched for the setting up of a dedicated funding agency for the highways sector along the lines of the Power Finance Corporation (PFC) or the Indian Railway Finance Corporation (IRFC).

Speaking at a virtual event organised by Confederation of Indian Industry (CII), the minister also said he would discuss with the Reserve Bank governor on the development of a scheme for using country’s forex reserve for infrastructure development.

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