InvITs could help plug India’s gaping infrastructure hole

By attracting private sources of funding, the first wave of infrastructure investment trusts in India could help unblock the logjam holding back the country's infrastructure push.

The construction of an 80 kilometre-long railway line between Nangal Dam and Talwara in northern India first won government approval in 1974. More than four decades later it is still only halfway done. 

Like other big-ticket projects across India, the Punjabi rail link is unfinished and way behind schedule, mirroring the many challenges that developers face when it comes to trying to build and update the country's patchy infrastructure, to the detriment of the Indian economy.

When the result, among other things, is more than 700,000 villages without a road connection, 83% of Indians without internet access, and 47% of...

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