INDIA'S INFRA STORY: BETTER LATE THAN NEVER

CHALLENGES FACING INFRA DEVELOPMENT: JAYPEE GROUP'S SAGA

India's longest 6-lane access-controlled expressway was finally inaugurated last week after which promises to cut travel time between the Taj Mahal and Delhi by more than half. Originally conceived as the Taj Expressway project during 2001, it could not take off for another two years due to a change in the regime. It was revived again in 2007. Still the project took a little around 10 years to complete with its fair share of controversies.  The six-lane highway is built under the public-private partnership model and is the biggest such project in the country. Jaypee Infratech, the company that has built the project, has a 36-year concession (rights) over the it.

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