Low Traffic, High Debt Could Doom India's Toll Road Push

Law360, New York (March 30, 2012, 7:00 PM EDT) -- India's highway authority inked new contracts this week worth $530 million to expand hundreds of miles of toll roads, but experts say the country is drastically overestimating the number of people who will use them and dooming the projects to fail.

India is two years into an ambitious, five-year push to add 56,000 miles of new roads, nearly all of them tolled and operated by private companies under long-term deals. Contract awards went into overdrive this week to meet targets for the fiscal year ending March...
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