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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

India seeks US$10bln in foreign funds for roads

Posted on 08 July 2009

From Reuters: India wants foreign investors to fund as much as half of the $20 billion a year it has earmarked for road building, Transport Minister Kamal Nath said. “We are looking at all funds. We are looking at sovereign wealth funds. We are looking at private equity. We are looking at pension funds,” he said.
India’s ambitious highway programme has hit a speed bump as wary investors shy away from funding, but critics say the problem lies deeper and that the process of offering and bidding for highway upgrades needs review………Full Article: Source


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