The purpose of surety bonds in the security of infrastructure projects
- Contact No: +91 9717024265
- Email ID: [email protected]
- Website: https://surety007.com/surety-bond-for-infrastructure-projects/
- Street: H-258, Ashok Vihar, Phase-1, Delhi-110052
- City: Delhi
- State: Delhi
- Zip/Postal Code: 110052
- Country: India
- Listed: October 22, 2024 4:05 pm
- Expires: 17 days, 23 hours
Description
The parties participating in a surety bond for infrastructure projects are usually composed of the assurance firm, the project owner or obligee, and the contractor or principal. The Indian government announced that a new Union Budget would be infrastructure-oriented. Highways and roads did not put a brake on India’s increasing surety bond business, and holding G20 would have thrust that growth exponentially. It attracts international investment towards the establishment of a global leader in funding the development of infrastructure around the world. Envision giant infrastructure projects such as new roads, bridges, highways, and airports. The government can spur the economy by improving the life situations of people, creating jobs, and developing infrastructure.
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