Facing a fund crunch to execute its ambitious highway development programme, the National Highways Authority of India (NHAI) may soon get the go-ahead from the Cabinet to explore options like launch of an infrastructure investment trust (InvIT) and securitisation of toll receipts. The Cabinet may also give its approval soon to make NHAI’s asset monetisation programme through the toll-operate-transfer (ToT) route less cumbersome.
Apart from funding highways, NHAI is in dire need of funds to finance its burgeoning debt which reached Rs 1.8 lakh crore by the end of March this year. Read More
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