Gujarat State Road Development Corporation Limited Gujarat State Road Development Corporation Limited
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From the Desk of MD
Today, the Indian economy is growing by leaps and bounds. In order to facilitate the rapid strides of growth, proper infrastructure is a necessity. One of the most important infrastructure facilities required is that of efficient and affordable transportation. Consequently, the development of roads plays a vital role in sustaining the growth of the economy.
Shri A.K.Patel, Managing Director
Shri A.K.Patel
Managing Director
Development of superior infrastructure facilities requires colossal investments and the gestation period is also long for returns to be realized on investments. Due to these limitations, private funds may not be forthcoming in a big way to invest in the infrastructure sector. In such a scenario, the role of the Government assumes a lot of significance. However, the Government also has its own problems when it comes to financing such huge projects.
Therefore, the pace of infrastructure development may not keep up with the pace of the overall development in other sectors of the economy. This tends to adversely affect growth which otherwise could have been all the more rapid and impressive.
The solution to this problem lies in attracting private investment in the infrastructure sector besides the projects undertaken by the Government, which will greatly reduce the dependence on budgetary allocations. It is in this context that Gujarat State Road Development Corporation Limited was incorporated in May 1999 to give shape to the vision of superior road infrastructure in the State of Gujarat.
Gujarat is the first state in India to have evolved a comprehensive GIDB Act, 1999 governing Build, Operate and Transfer (BOT) transaction and such other arrangements of private sector participation in infrastructure projects. In order to give thrust to infrastructure development in the state, Gujarat Infrastructure Development Board (GIDB) has come out with "Gujarat Infrastructure Agenda – Vision 2010" which is a comprehensive plan envisaging an investment of Rs. 116993 crores in various infrastructure sectors of the State. Out of this, the planned outlay for the road infrastructure is Rs. 19951 crores. For other Details :
Gujarat has been always pioneer in adapting news concepts under BOT Scheme and there are number of projects already completed successfully. Gujarat State Road Development Corporation Limited intends to develop 8 road projects under Public Private Partnership. GSRDC seeks participation from private operators for the said projects to provide superior quality road infrastructure at competitive prices.
It is our endeavor to deliver the best quality road infrastructure to the users, which will serve as the backbone of sustained economic growth.
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