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CAG raises concerns over burgeoning costs of NHAI's projects, cautions govt

The PMO also suggested that the NHAI monetise its road assets base through toll-operate-transfer (TOT) auctions

NHAI projects, highway contracts, NHAI, National Highways Authority of India, road
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The NHAI’s borrowing target was raised 21% in FY20

Megha Manchanda New Delhi
The Comptroller and Auditor General of India (CAG) has sought the cost audit of national highway projects as it feels expenses are rather high. It has said the government should curtail its debt-raising measures.

According to an official in the know, the CAG has raised concerns over the burgeoning costs of the National Highways Authority of India’s (NHAI’s) projects. It has alerted the Ministry of Finance, saying the NHAI’s borrowings are also the government borrowings and should be accounted for accordingly.

Experts are of the opinion that the NHAI’s debt situation is a cause of concern. It is expected to

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First Published: Aug 28 2019 | 8:18 PM IST

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