Nhdp Cash Flows Under Lens

The Public Investment Board (PIB) has questioned the income and expenditure projections of the first project under the Phase II of the National Highway Development Programme involving four laning of a 506.6-km stretch of the proposed east-west corridor in Gujarat.

At a recent meeting of the board, to discuss the funding for the Rs 2,509-crore project, the finance ministry said under the present formula the cost to the exchequer on account of grant was