(a) the details of the major policy decisions taken to encourage private sector participation in road construction; and
(b) the matter in which West Bengal is likely to be benefited as a result thereof?
(a) the details of the major policy decisions taken to encourage private sector participation in road construction; and
(b) the matter in which West Bengal is likely to be benefited as a result thereof?
THE MINISTER OF STATE OF THE MINISTRY OF ROAD TRANSPORT AND HIGHWAYS [MAJOR GENERAL (RETD.) B.C. KHANDURI]
(a) Following incentives have been offered to attract the private investors in the development of road infrastructure.
(i) 100% tax exemption for 10 years to be availed within 20 years.
(ii) Concession period allowed upto 30 years.
(iii) Duty free import of major modern high capacity equipment for highway construction.
(iv) Government to provide land at no cost and free from all encumbrances.
(v) Government to provide capital grant upto 40% of the project cost to enhance viability, on a case-to-case basis.
(vi) National Highways Authority of India permitted to participate in equity of BOT projects upto 30% of the total equity.
(vii) Foreign direct investment allowed upto 100%