NHAI eyes ₹62,000 cr highway financing via bonds route
Ensuring smooth flow of funds for its much hyped Bharatmala programs, the National Highways Authority of India (NHAI) has decided to generate about ₹62,000 crore, the target it has set for itself for the current fiscal for financing highway projects. It may be recalled that NHAI raised about ₹52,000 crore during 2017-18 as the apex authority has been authorized issuing bonds, including masala bonds (on international stock exchanges), under section 54EC of Income Tax Act. Centre had launched its flagship program, Bharatmala, last year, after it received the cabinet committee's approval. The program envisages developing close to 60,000 km of new national highways with a capital outlay of ₹6.92 lakh-crore. The first phase is already underway which will see construction of 34,800 km of national highways at ₹5.35 lakh-crore, Union transport minister Nitin Gadkari said.
📅Published on:
19 July 2018
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
