India, Jan. 29 -- Union Minister Nitin Gadkari on Tuesday said five banks are willing to provide Rs 2.5 lakh crore for highway projects, and stressed on the need for insurance of infrastructure projects.
The road transport minister also said the government is contemplating to create a Motor Vehicle Accident Fund for hit and run cases.
"About five banks are willing to give us around Rs 2.5 lakh crore in our projects. Our projects are economically viable," Gadkari said while addressing a workshop on Motor Vehicle Insurance and Road Safety here.
He said the National Highways Authority of India (NHAI) has 480 bankable projects and its toll operate and transfer (TOT) model has been a success.
Gadkari also highlighted the need for including r...