Going down the wrong road

According to some, the idea of a road regulator does not make sense. On the other hand, we do need an exclusive body to deal with problems in all types of Public Private Partnership (PPP) contracts, which include roads. The Finance Minister in his Budget speech early this year, inter alia, proposed a regulator for the road sector, mainly for three reasons: financial stress faced by the developers; contract management and renegotiation to sort out the problems of existing contracts; and enhanced construction risk.

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