## Saturday, December 20, 2008

### Difficulties in building highways

The National Highways Authority of India is administering one of the biggest and most important infrastructure projects of India. While in the early years, NHAI introduced important institutional innovations that made good quality highways possible, in recent years, things seem to have gone astray:

Difficulties in building highways matter by themselves since these highways are a powerful transformative force that reshape the economy. These issues are also particularly pertinent when we think of the financial or institutional constraints that impede using fiscal policy to stimulate the economy in the downturn.

Please note: LaTeX mathematics works. This means that if you want to say $10 you have to say \$10.