Rajasthan road project gets financial closure

  • 24/11/2005

  • Business Standard (New Delhi)

An over Rs 1,000-crore mega highways project in Rajasthan achieved financial closure yesterday. To execute the project, the Road Infrastructure Development Company of Rajasthan Ltd was incorporated in October last year as a 50:50 joint venture of the government of Rajasthan and the Infrastructure Leasing and Financial Services. This is the single largest road sector project in the country, taken up under the public-private partnership framework in Rajasthan and is expected to be completed in two years.