Govt exploring public financing for road infra projects

The government is working on a scheme to raise funds from the public at a 6 percent annual interest rate for road infrastructure projects, union minister Nitin Gadkari said on Wednesday in the Rajya Sabha. "... We are working on a scheme to raise funds from the poor and ordinary persons for road projects. We will raise funds at a 6 percent annual interest rate which is higher than what banks provide," he said in the Upper House.
This will benefit the public as they will get a fixed return, he added. Speaking during the Question Hour, the Road Transport and Highways Minister said the country has set several world records in road construction despite COVID-19.