Private investments in highway projects to jump to Rs 1 trn by FY29

Private investments in the highway sector would likely rise from around Rs 20,000 crore a year now to nearly Rs 1 trillion in the next six to seven years, Amit Kumar Ghosh, additional secretary, ministry of road transport and highways, said on Thursday. While there were signs of growing investor appetite, institutional funds were also flowing in, he said.

Speaking at the National Road Infra Conclave 2022 organised by FE, he said: “Private investment had risen from Rs 16,000 crore in 2016-17 to over Rs 22,000 crore in 2019-20. There is an increase in the investors’ confidence in the road sector. We estimate private investments to reach a level of Rs 50,000-60,000 crore by 2024-25 and rise further to more than Rs 1 trillion by 2028-2029 or 2029-2030.”