India's Road Minister Gadkari proposes 51% foreign stake in tunnel joint ventures, seeks qualified bidders and plans 74 new tunnels.
India's Road Transport and Highways Minister, Nitin Gadkari, proposed allowing foreign firms to hold a 51% stake in joint ventures for tunnel construction to enhance project quality. He emphasized the need for serious, qualified bidders and highlighted concerns over frequent landslides in the Himalayas. Gadkari also announced plans for 74 new tunnels and criticized current Detailed Project Report practices, advocating for stricter adherence to procedures to reduce costs and improve efficiency.
September 03, 2024
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