Road rage on deal street: Changing landscape of highway construction biz | News

For the traditional contractor who started decades ago, road building has been a straightforward affair: Get the theka (Hindi for contract) and rake in the moolah.

 

“We get the theka from the corporation and we do the work. That’s it. We don’t understand this buying and selling business too well,” says a sub-contractor who does minor road works in Ghaziabad’s Sahibabad area.

 

The bigger players would be engaged in slightly more complex contracts, but follow the same straightforward strategy.

 

Today, the massive infrastructure deficit in India and need for significant fund injection has led to a maturing of the highway

First Published: May 14 2024 | 12:31 AM IST