Ease exit norms to free up equity for new highway projects: Survey
In a bid to drive out the highways sector from a severe financial crunch, the Economic Survey proposed to ease exit norms for developers to free up equity for new projects.
“In current market conditions, these firms are unable to raise new equity. Exit route needs to be eased so that promoters can sell equity positions after construction, passing on all benefits and responsibilities to entities that step in,” the survey, presented in Parliament on Wednesday said.
Publication Date:
28/02/2013