NHAI sets up investment improvement cell

Ensuring sufficient flow of funds for its existing and upcoming road projects, the National Highways Authority of India has created a National Highways Investment Promotion Cell (NHIPC) for attracting domestic and foreign investment for road infra projects. The cell will focus on engaging with global institution investors, construction companies, developers and fund managers for building investor participation in road infrastructure projects. It may be recalled that the government has set an ambitious target of constructing 35,000 km of National Highways in the next five years involving an investment of Rs.5.35 lakh crore under Bharatmala envisaging the construction of 20,000 km of highways connecting western and eastern parts of the country including state highways, national highways and some state roads across the country.

Published: 26 December 2017