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It is a project of National importance. Till the year 1992, certain sectors including infrastructure development projects were always undertaken by the Government either by itself or through Public Sector undertakings, even Banks involved were Public Sector Banks. There were no Private Sector players in road infrastructure till the year 1992. Till 1992 the concept of development of infrastructure facilities with minimal or no financial budgetary support from the Government authority was not known in India. All the entities that had undertaken the construction of Bridges or Roads had done so only as the contractors for the Government, funded out of the budget of the relevant Government or Public Authority.

Infrastructure Leasing and Financial Services Limited (IL&FS) was a public sector Company, 80% of its shares were held by Public Financial Institutions and PSU Banks. The Government instead of undertaking the project on its own decided to invite IL&FS to undertake the project. IL&FS was a pioneer in the private sector participation in development of infrastructure facilities in India and one of the proponents of PPP (Public Private Partnership) projects in infrastructure in India. It was one of the India's leading infrastructure development and finance Company.

He laid much stress on the fact that the IL&FS being the pioneer in Public Sector participation and one of the proponents of PPP project of infrastructure in India was the only India's leading infrastructure development and finance company. IL&FS was incorporated in 1987 by Central Bank of India, Housing Development Finance Corporation Limited (HDFC) and Unit Trust of India (UTI) for the specific purpose of enabling and promoting infrastructure development on non government recourse basis and commenced its operations in 1988.

It is lastly submitted that the project has contributed immensely to the growth of the region and economic activity. The execution and existence of the project is certainly in the interest of public at large. Any adverse view will adversely impact the PPP model of infrastructure development and dissuade private players/lenders and investor from participating in PPP Projects. It will result into an adverse impact on the development of infrastructure projects in the Country and more importantly affect the creation of jobs for the poor and marginalized section.