REC signs pacts to finance Rs 16K-cr highway projects
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New Delhi: REC Limited has signed four MoUs worth Rs. 16,000 crore with Dilip Buildcon Limited, GMR Power & Urban Infra, CDS Infra Projects Limited & DP Jain & Co. Infrastructure Pvt. Ltd for financing road and highway projects, according to an official statement issued on Tuesday.
The public sector Maharatna company hosted a conference on ‘Financing for Roads and Highways’, to bring all key stakeholders under one roof and to discuss financing aspects of the sector.
The conference was held in New Delhi on Monday and was attended by key stakeholders from the government and industry, including from the Ministry of Road Transport & Highways, National Highways Authority of India, Indian Roads Congress, National Highways Builders Federation, State Road Development organizations, industry policymakers, and developers, the statement said.
