NHAI floats SPV to finance, build and operate Delhi-Mumbai expressway

NHAI is currently implementing about 28,000 km under 'Bharatmala Pariyojna' Phase-1. Under this, Delhi-Mumbai Expressway is one of the flagship highways corridors

The National Highways Authority of India (NHAI) on Thursday said it has formed an arm to finance, construct, and operate the Delhi-Mumbai Expressway.

The NHAI said in a statement that the special purpose vehicle (SPV) has been registered as DME Development and will be wholly owned by the highways authority.

By floating an SPV specific to a corridor, the NHAI is aiming at diversifying its resource base and developing a sustainable and self-liquidating approach to raise finances.

The NHAI is currently implementing about 28,000 km under the Bharatmala Pariyojana Phase 1. Under this, the Delhi-Mumbai Expressway is one of the