Growth of the infrastructure sectors is a critical pre-requisite for a sustainable growth of the economy. Investments into these sectors have accounted for a major share of public spending for most of the last fifty years.
Adequate, cost-effective and quality infrastructure is crucial for economic growth and development. It also affects international competitiveness and flow of direct international investments. The ongoing economic reforms, thus, attach a high priority to the better utilization of existing infrastructure assets and fresh development also, in order that existing bottlenecks do not inhibit the overall economic growth and export dynamism.
The responsibility of creating infrastructure services has been, until recently, given to the public sector, which has been beset by various problems. To achieve greater efficiency and accountability in these sectors, the government has introduced structural reforms to encourage private participation and competition in infrastructure services. These reform measures have triggered immense opportunities for private investment in this sector.