Investors Shun Road Projects Due To High Risk Factor
Funding institutions and banks continue to perceive investment in road and bridge construction as a high-risk business with a long gestation period than sectors like power, telecommunications, port and aviation. This was the view that emerged at the global investors convention, here yesterday.
The two-day seminar is being organised by the Maharashtra government in association with Indusind International Federation, Ficci and Infrastructure Leasing & Financial Services. Housing Finance Development Corporation chairman Deepak Parekh told Business Standard the main problem in developing road and bridge infrastructure lay in acquiring land for projects. Villages and towns would have to be moved to accommodate roads, entailing inordinate delays and threatening the projects feasibility. Our Banking Bureau