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Modi driving record highway debt binge despite obstacles

THE ROAD AHEAD: The Indian government plans to sanction 20,000 km of road projects in the coming three years and the target for the year to March 2016 has been set at 8,000 km.


WHILE India's Prime Minister Narendra Modi is running into obstacles in his plan to build 30 kilometres of highway every day, construction companies are still binging on debt.

IL&FS Transportation Networks and IRB Infrastructure Developers are among the top seven road...

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