Road building in India is cheapest in Asia after the Philippines, a study by the Asian Infrastructure Investment Bank (AIIB) has noted.
The result holds despite making allowances for cross-currency differences as well as variations in local cost due to labour and others, AIIB has noted. The other countries compared to India in the exercise are China, Indonesia, Turkey, Russia, Pakistan, the Philippines, and Bangladesh.
The reasons for zeroing in on these countries, according to the AIIB, are because they are expected to be the largest infrastructure builders among its 93 member-countries of the bank. The results are likely to please the Indian government, which has been trying to impress on domestic and foreign investors about its efforts to improve the ease of doing business.
