With a USD 2.2 billion order book to build nearly 4,000 km (2,500 miles) of road lanes across India and its bank credit tapped out, KMC Constructions turned to private equity for funding. Private equity investors are poised to play a faster-growing role in financing much-needed infrastructure projects in a country infamous for clogged roads and power outages and lacking a mature local bond market to provide long-term project funding. Read More