MoRTH plans Rs.1,45,000-cr financing plan

    Ministry od road Transport and Highways
    Ensuring full flow of financing to the road and highway sector to build targeted road lengths, Transport ministry will monetize 105 highway projects for about Rs.1,45,000 crore as part of the new innovative models of financing, Union Minister Nitin Gadkari said, elaborating that the traffic density in India is very high and the internal return on rates is very good and to add to the momentum, the ministry requires investments because there is no risk factor. Assuring of a good rate of return from highway toll collections, there are a lot of innovative models and to showcase this, it will launch road shows for promoting National High Authority of India (NHAI)’s first rupee denominated masala bonds. He also highlighted NHAI‘s AAA ratings. Among some of the challenging projects, he assured that Brahmaputra Express Highway will be developed as a national highway, thereby, making it the first highway project in the northeastern region which will be developed along the river in Assam at an estimated investment of Rs.40,000 crore.
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