Mirroring a slide in the economy and industrial production, the traffic growth on national highways recorded a steep decline. This, coupled with cost overruns has severely affected the debt- servicing ability and returns of national highway projects. Overall traffic growth which was estimated at 7-8% between fiscals 2008-2011 slacked to 3-4% in 2012 and to 2-3% in 2013. In … [Read more...] about Low Traffic Growth and Cost Overruns Plague Road Developers