India has a traffic problem, and easing Rd congestion is about
more than just convenience. It's an important step toward
unlocking the economic potential of 1.4 billion people. But what
will it take to get Indian traffic moving? The challenge
certainly isn't a lack of roads. The Indian Rd network stretches
over 6,000,000 kilometers, making it the second longest
network in the world. The problem is that only 3% of those
roads are modern efficient.
Highways, leaving the few highways available to channel an
outsized chair of the country's goods all at once. The result?
Over 8,000,000 Indian truckers stuck in traffic hour after
hour, day after day, delaying deliveries and wasting fuel on
inefficient routes. And that inefficiency adds up to more
than just long days behind the wheel. Poor road conditions
costs the Indian economy more than $20 billion per year due to
shipping.
Delays and excess fuel consumption OTP committed $375
million for a portfolio of modern, efficient toll roads in
India, spanning 1300 kilometers across 10 states, by linking
some of the country's most crucial corridors. The
construction of these toll roads creates both direct and indirect
jobs, boosting the income of 1,000,000 and stimulating a
rapidly developing economy, and his tolls can be adjusted for
inflation.
Makes for a stable long-term investment. Steady returns for
our Members, a GDP boost for India, lower transportation
costs for businesses and for Indian truckers, a much smoother
ride. It just goes to show you if you want to unlock the
potential of a massive investment market, you might
just start by getting them out of the jam.
Ontario Teachers Pension plan investing to make a mark.