REC Limited organises conference on Financing for Roads & Highways Sector

REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power, hosted a conference on ‘Financing for Roads and Highways’, to bring all key stakeholders under one roof and to discuss financing aspects of the sector. The conference was held in New Delhi on 8^th January, 2024 and was attended by key stakeholders from the government and industry, including from the Ministry of Road Transport & Highways, National Highways Authority of India, Indian Roads Congress, National Highways Builders Federation, State Road Development organisations, industry policymakers, and developers. During the conference, four MoUs worth Rs. 16,000 Crore were signed, with Dilip Buildcon Limited, GMR Power & Urban Infra, CDS Infra Projects Limited & DP Jain & Co. Infrastructure Pvt. Ltd. Addressing the participants, Secretary, Ministry of Road Transport & Highways,  Anurag Jain spoke of the Ministry’s vision for the development of the sector & ease of financing road projects. He talked about India's roads and highways journey and said the quality of roads has improved significantly over the last few years. Along with this, he hoped that REC Limited and MoRTH would grow together.  The conference featured presentations from REC and the Road and Highways agencies, highlighting their unique perspectives on financing challenges and opportunities within the sector. It provided an opportunity for the presentation of both lenders’ and borrowers’ perspectives, followed by an open forum discussion, in which queries of Road and Highway developers were addressed.