|
|||||||||||||||||||
The solution to this problem lies in attracting private investment in the infrastructure sector besides the projects undertaken by the Government, which will greatly reduce the dependence on budgetary allocations. It is in this context that Gujarat State Road Development Corporation Limited was incorporated in May 1999 to give shape to the vision of superior road infrastructure in the State of Gujarat. | |||||||||||||||||||
Gujarat is the first state in India to have evolved a comprehensive GIDB Act, 1999 governing Build, Operate and Transfer (BOT) transaction and such other arrangements of private sector participation in infrastructure projects. In order to give thrust to infrastructure development in the state, Gujarat Infrastructure Development Board (GIDB) has come out with "Gujarat Infrastructure Agenda – Vision 2010" which is a comprehensive plan envisaging an investment of Rs. 116993 crores in various infrastructure sectors of the State. Out of this, the planned outlay for the road infrastructure is Rs. 19951 crores. For other Details : http://www.gidb.org | |||||||||||||||||||
Gujarat has been always pioneer in adapting news concepts under BOT Scheme and there are number of projects already completed successfully. Gujarat State Road Development Corporation Limited intends to develop 8 road projects under Public Private Partnership. GSRDC seeks participation from private operators for the said projects to provide superior quality road infrastructure at competitive prices. |