Roadways The Central Government has initiated the National Highways Development Project (NHDP), which is the largest

project undertaken by the government until now both in terms of budget and size. National Highway Authority of India (NHAI) is the governing authority for this project. In order to further improve the existing highways in the country and develop more highway facilities, the Government has initiated a programme under the NHDP that is targeted to be executed by the end of 2015 with an investment of INR 2,35,690 crore (US$ 47.4 billion) to be dispersed in phases. Railways The rapid rise in international trade and domestic cargo has placed a great strain on the DelhiMumbai and Delhi-Kolkata rail track. Government has, therefore, decided to build dedicated freight corridors in the Western and Eastern high-density routes. The investment is expected to be about Rs. 22,000 crore (US $ 5 bn). Requisite surveys and project reports are in progress and work is expected to commence within a year. Ports The experience of operating berths through PPPs at some of the major ports in India has been quite successful. It has, therefore, been decided to expand the programme and allocate new berths to be constructed through PPPs. A model concession agreement is being formulated for this purpose. The National Maritime Development Programme is expected to bring a total investment of over Rs.50,000 crore in the port infrastructure. Such improvement in the scale and quality of Indian port infrastructure will significantly improve Indias competitive advantage in an increasingly globalized world. Airports The Committee on Infrastructure has initiated several policy measures that would ensure timebound creation of world-class airports in India. A comprehensive civil aviation policy is on the anvil. An independent Airports Economic Regulatory Authority Bill for economic regulation is also under consideration. The policy of open skies introduced some time ago has already provided a powerful spurt in traffic growth that has exceeded 20% per annum during the past two years. The Government aims to attract private investment in aviation infrastructure - Privatisation of the Delhi and Mumbai airports is in progress concessions have already been awarded. Expected investment of about Rs.15,700 crores (US $ 3.5 billion) - New international airports at Bangalore and Hyderabad are being built by private consortia with a total investment of about Rs.4000 crores (US $ 600 million) - 25 other city airports are being considered for private investment

Telecom Telecom market has grown at about 25% p.a. over the last 5 years. India has a telecom policy that aims to encourage private and foreign investment. Highlights are: - An independent regulator - the Telecom Regulatory Authority of India (TRAI) - Revenue-share model for licences issued by the Government for telecom services in India. Unified access licences are available for providing telecom services on a pan-India basis - Planned opening up of National Long Distance (NLD), International Long Distance (ILD) and other value added services. Power 100% FDI permitted in Generation, Transmission & Distribution - the Government is keen to draw private investment into the sector Policy framework in place: Electricity Act 2003 and National Electricity Policy 2005 Incentives: Income tax holiday for a block of 10 years in the first 15 years of operation; waiver of capital goods import duties on mega power projects (above 1,000 MW generation capacity) Independent Regulators: Central Electricity Regulatory Commission for Central PSUs and interState issues. Each State has its own Electricity Regulatory Commission.