PSU PRESS RELEASE
NHAI open to tweaking rules to allow Chinas rail consortium in road projects
New delhi. In what comes as a boost for India’s roads sector, the China Railway Construction Corporation has expressed keen interest in participating in the projects of the National Highways Authority of India. CRCC, which is one of the world’s largest integrated engineering contractors and construction groups with over $100 billion of revenue, promises to throw up intense competition to local firms, including L&T.
Speaking to Bloomberg TV India, NHAI Chairman Raghav Chandra says the authority can consider annuity payments in dollar on a case-by-case basis and that too with the approval of the Finance Ministry.
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