Tuesday, November 5, 2013

Reuters: Money News: Tariff dodging takes its toll on highway developers

Reuters: Money News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. 
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Tariff dodging takes its toll on highway developers
Nov 6th 2013, 04:15

NEW DELHI (Reuters) - Flashing lights on the roof, tailgating politicians' motorcades, smashing up toll booths, and beating up toll collectors. Welcome to India's network of privately run highways, where endemic toll dodging is a drag on the finances of road operators such as GVK Power and Infrastructure and Reliance Infrastructure, and a deterrent to private investment in a country where poor infrastructure shaves an estimated 2 percentage points from economic grow


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