Marking the beginning of what India hopes will be an ongoing stream of public-private partnership deals, a consortium of Australia’s Leighton, the U.K.’s Balfour Beatty, France’s Vinci and the Hindustan Construction Co. submitted bids this month for the $1.2-billion concessionaire contract to build a 570-kilometer highway from Rajasthan to Gujarat. This road is the first of nine megaprojects conceived by the National Highways Authority of India. India has set a target for constructing 35,000 km of highways in the next five years under the National Highways Development Program. Out of the $60-billion investment, $40 billion is to come from the
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.