The Imbalanced Element Of "Balanced" Ham-Based Agreements

Amidst the ambitious economic reforms undertaken by the Government of India, a slew of initiatives have been introduced for attracting investments in the transport and road sectors. The Ministry of Road Transport and Highways' (MoRTH) capital expenditure has increased by over eight times to reach approximately Rs 2.59 trillion in 2023-24 from Rs 0.31 trillion in 2013-14. This demonstrates the Central Government's unwavering resolve to create world class roads and highways infrastructure to accelerate socio-economic development. Buoyed by MoRTH's capital commitments, the sector recorded a CAGR of 23% for the last financial year. Public-private partnership (PPP) plays a pivotal role in fostering a long and sustaining collaboration between the government and private agencies.