India and China have agreed to work towards signing a memorandum of understanding in the areas of road transport and highways. Under the MoU, both sides will seek to improve cooperation in highway construction, exchange of technology and investments in the sector. The agreement was reached between Indian Minister for Road Transport & Highways Kamal Nath and Chinese Transport Minister Li Shenglin in Beijing. Nath told his Chinese counterpart that India has embarked on a massive national highway development program, under which it plans to construct 7,000 kilometers of highways each year over the next few years, NetIndian reported. Nath said the program offers huge opportunities to Chinese construction companies and financial institutions to enhance their engagement with India. The preferred mode of highway development in India is public-private partnership, he said.
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