Road building revival offers rare hope for India infrastructure overhaul

K Ramchand, managing director at one of India’s biggest road builders, is doing something unusual to help dispel the gloom pervading much of the country’s infrastructure sector today: bidding for new projects.

His company, IL&FS Transportation Networks, signed a US$300 million contract in April to build a six-lane highway. The project will link an eastern industrial zone afflicted by some of India’s worst traffic snarls to mining districts such as Dhanbad, the nation’s coal capital.

via Business feed http://www.scmp.com/business/economy/article/1263566/road-building-revival-offers-rare-hope-india-infrastructure