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This Indian Minister Can't Get Bankers to Lend for Road Projects

  • Government will raise funds from monetizing road assets
  • Gadkari seeks bankers’ support for infrastructure funding
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Risk-averse bankers are slowing construction of infrastructure projects in India, Nitin Gadkari, the country’s minister for road transport and highways, said.

Loans to road contractors and bank guarantees for projects have dried up, threatening to stall India’s plans to build more than 84,000 kilometers (52,195 miles) of roads by 2022, Gadkari said, addressing the Bloomberg India Economic Forum on Tuesday.