NHAI re­ceives man­date to raise in­fra bonds

Commercial Vehicle - - NEWS -

The Na­tional High­way Au­thor­ity of In­dia (NHAI) has re­ceived a man­date to raise Rs.70,000 crore through in­fra­struc­ture bonds claim in­dus­try sources. Sources add that the easy avail­abil­ity of low cost overseas loans for the AAA rated NHAI should make it eas­ier for it to raise the bonds. In con­nec­tion with the im­pe­tus be­ing put on in­fra­struc­ture de­vel­op­ment, in­clud­ing high­ways, road trans­port and high­ways min­is­ter, Nitin Gad­kari, is known to have said re­cently that con­tracts worth Rs.5 lakh crore for in­fra­struc­ture, roads, and ports have been signed. The min­is­ter is said to have termed the sign­ing of con­tracts as re­mark­able, and in-line with the good re­sponse re­ceived from pub­lic and pri­vate in­vest­ment. Gad­kari is also known to have said that his min­istry is get­ting good re­sponse for PPP, BOT and hy­brid an­nu­ity mod­els. As many as 101 projects are ready for take off, claim in­dus­try sources. They add that the min­istry is also work­ing on a num­ber of wa­ter­ways projects for im­prov­ing in­land con­nec­tiv­ity in cities like Mum­bai.

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