NHAI commences process for raising Rs.75,000 crore through market borrowings for this year, says its Chairman

Sarkaritel
By Sarkaritel July 10, 2019 18:18


Mr Nagendra Nath Sinha ,Chairman, National Highways Authority of India (NHAI), on Wednesday,10th July 2019 indicated that the Authority is working towards raise Rs.75,000 crore through market borrowing channels this year to support the projects of roads and highways. 

Addressing the National Roads & Highways Summit 2019,  at the  PHD Chamber of Commerce and Industry (PHDCCI)here today, Mr Sinha, without mentioning a comprehensive roll out plan for the market borrowing for NHAI,  gave away an indicative plans for such borrowings which is planned to happen through multiple channels , which will include LIC, Debt Funds, pension funds and sovereign funds. He also emphasised on the intensive work which is underway for achieving the set targets for building roads and highways. He also mentioned that the Authority will also 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.

Sarkaritel
By Sarkaritel July 10, 2019 18:18