{"id":289499,"date":"2019-08-30T06:24:06","date_gmt":"2019-08-30T06:24:06","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=289499"},"modified":"2019-08-30T06:24:06","modified_gmt":"2019-08-30T06:24:06","slug":"modis-5-trillion-gdp-goal-hits-a-hurdle-debt-at-road-builder","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/modis-5-trillion-gdp-goal-hits-a-hurdle-debt-at-road-builder\/","title":{"rendered":"Modi&#8217;s $5 trillion GDP goal hits a hurdle: Debt at road builder"},"content":{"rendered":"<p>India\u2019s path to economic recovery faces another obstacle, with Prime Minister Narendra Modi asking the state road builder to stop constructing highways after its debt ballooned almost seven-fold over the past five years. <\/p>\n<p>\u201cNational Highways Authority of India totally logjammed with unplanned and excessive expansion of roads,\u201d the prime minister\u2019s office wrote to NHAI in a letter dated Aug. 17. \u201cNHAI mandated to pay several times the land cost; its construction costs also shooting up. Road infrastructure has become financially unviable.\u201d <\/p>\n<p>Modi\u2019s office proposed that NHAI be transformed into a road-asset management company, according to the letter obtained by Bloomberg, and the prime minister\u2019s office asked NHAI to reply within a week. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s path to economic recovery faces another obstacle, with Prime Minister Narendra Modi asking the state road builder to stop constructing highways after its debt ballooned almost seven-fold over the past five years. \u201cNational Highways Authority of India totally logjammed with unplanned and excessive expansion of roads,\u201d the prime minister\u2019s office wrote to NHAI in a letter dated Aug. 17. \u201cNHAI mandated to pay several times the land cost; its construction costs also shooting up. Road infrastructure has become financially unviable.\u201d Modi\u2019s office proposed that NHAI be transformed into a road-asset management company, according to the letter obtained by Bloomberg, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,193,136],"tags":[],"class_list":["post-289499","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=289499"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289499\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=289499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=289499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=289499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}