India's richest state to spend US$16b on infrastructure revamp
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Mumbai
INDIA'S wealthiest state plans to spend almost US$16 billion over five to six years on a revamp of key infrastructure, reviving long-dormant projects including a Mumbai airport, a port and a key coastal road, Maharashtra's chief minister said.
Seeking to accelerate economic growth, India's government has prioritised the kick-starting of infrastructure projects that had gathered dust, either because of an obstructive bureaucracy, a lack of private sector interest or in some cases, lengthy litigation.
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