The Ministry of Road Transport and Highways (MoRTH) through its various implementing agencies has constructed 8,045 kms of highways up to February 2022 during the current financial year
The 15-year offering comes with variable coupon rate
NHAI & AAI, which are not registered as companies, also likely to benefit
National Highways Authority of India (NHAI) member Manoj Kumar said a huge market is available for surety bonds in the country
This favoured route for financing roads is gaining traction for other infrastructure projects but could result in unsustainable liabilities for the government
The asset monetisation target for the road ministry is Rs 30,000 crore, and the ministry had already monetised assets worth Rs 17,000 crore when the NMP was launched
Recognising the huge debt burden of NHAI at Rs 3.38 trillion, the finance ministry has given it nil space to borrow any more in the FY23 Budget
A total length of 16,798.61 kilometres of national highways is under the public-private partnership (PPP) arrangement and 331 fee plazas are operational as of now, Parliament was informed on Thursday.
The SPV, formed under the guidance of the road ministry, aims to address typical cost overruns with infrastructure projects
While the Centre has taken FCI's debt on to its books, the NHAI debt load is not only larger, but also has different dynamics altogether
The Road Transport and Highways Minister said that there is a huge opportunity for investors in India's infrastructure sector as the traffic density is rising every year
With a project cost of Rs 17,085.16 crore, the proposed Greenfield Ganga expressway will be India's longest expressway under PPP framework
Replying to a written question in the Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari said the protest started affecting toll collection from October 2020
Ircon emerges lowest bidder for projects worth ₹1,462 cr
FASTags are prepaid rechargeable tags affixed on the windshield of vehicles for toll collection on national highways. They work with Radio Frequency Identification (RFID) technology
The Hybrid Annuity Model is expected to account for half of the projects
CPPIB, Ontario Teachers' Pension Plan will be anchor investors of Rs 6k-cr issue
The Road Transport and Highways minister further said that subsequently, more national highways will be added to the InvIT portfolio.
According to Gadkari, there is a massive response seen in the domestic market for electric scooters from new start-ups.
They are the Ahmedabad-Dholera, Delhi-Amritsar-Katra, Bengaluru-Chennai and Kanpur-Lucknow stretches, which would be taken up next