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Jammed-up roads

India's highway-building programme is in crisis. This is partly due to its very ambitious scale, which means that public funds are not adequate to meet the programme's demand for capital, given the swiftness with which roads need to be rolled out. There are other reasons as well. The crisis is also caused by the government's inability to design auctions that eliminate unrealistic bids and delays that, in some cases, are a direct outcome of tardy clearances and regulatory hassles.

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