NHAI commences Rs.75,000 crore market borrowing programme

While addressing a seminar organised by PHDCCI in Delhi recently, Nagendra Nath Sinha ,Chairman, National Highways Authority of India (NHAI), indicated that the Authority is working towards raising Rs.75,000 crore through market borrowing channels this year to support the projects of roads and highways.

 Sinha spelt out an indicative plan hinting funds to be raised through multiple channels including LIC, debt funds, pension funds and sovereign funds. He also mentioned that the Authority will look at sourcing funds from Infrastructure Investment Trusts, national Investment and Infrastructure Fund and even Special Purpose Vehicle and the Authority is also open to funds generated by the means of monetizing its assets.

 He also announced that NHAI would commence the  awarding of projects for roads and national highways to intended stakeholders only on the completion of the land acquisition process.

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