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- W625586337 abstract "This paper discusses the possibility that privatisation could accelerate the development of India's highway infrastructure. Road traffic in India is growing much faster than the road network. Although most of the road traffic is carried by National Highways and State Highways, about 15% of the former and 75% of the latter only have single lanes, resulting in inadequate capacity. These roads also have many congested sections, especially in urban areas and near level crossings and weakened bridges. This situation has caused an alarming rise in traffic fatalities. There is thus an urgent need to upgrade and expand the National Highways and State Highways, but the required funds cannot be obtained from public budgets alone, and adequate maintenance is also necessary. Indian initiatives to implement infrastructure projects have usually been in the private sector, but the public sector will continue to play a vital part in investment, delivery, and regulation of infrastructure services. It is necessary to introduce a new framework for different forms of public-private partnership, to reduce the gap between the actual need for roads and the existing road network and optimise the contributions of the private sector. The allocation of risks must be defined clearly, and cash flow streams should be properly identified." @default.
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- W625586337 title "DEVELOPMENT OF HIGHWAY INFRASTRUCTURE - IS PRIVATISATION THE ANSWER?" @default.
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