SME Times is powered by   
Search News
Just in:   • Need revolution in education, skill building: Raghuram Rajan  • India's Forex reserves drop by over $152 mn  • Binani seeks stopping insolvency move against subsidiary  • Meghalaya assures all efforts to ensure resumption of coal mining  • Another Rs 1,394 cr bank fraud, CBI now books Hyderabad firm 
Last updated: 13 Mar, 2018  

Highway.9.Thmb.jpg NHAI raising funds via monetization of highway assets: Minister

   Top Stories
» Prabhu chairs round-table of Invest India
» GST results in higher industrial activities, sales: Minister
» Minister urges agribusiness cos to explore more agri-marketing opportunities
» Corporate sector has to reform, perform and transform: Naidu
» Govt clarifies on e-way bill requirement for exports consignment
SME Times News Bureau | 13 Mar, 2018
The National Highway Authority of India is raising funds for the government's flagship Bharatmala Pariyojana through monetisation of operational national highway assets through toll-operate-transfer (TOT) model, the government said on Monday.

In a written reply to a question in the Rajya Sabha, Minister of State for Road Transport and Highways Mansukh L. Mandavia said the first bundle comprising of nine such projects with aggregate length of around 680 km has already been bid out.

Apart from that, the NHAI is also borrowing from the market through the Internal Extra Budgetary Resources (IEBR) route. In the current financial year, it has raised Rs 8,500 crore from LIC and Rs 10,000 crore from EPFO through taxable bonds.

"Further, NHAI issued rupee denominated Masala Bonds of Rs 3,000 crore through the London Stock Exchange on May 11, 2017," the Minister said adding these methods were being used to augment budgetary resources of the government.

The total cost of the first phase of the Bharatmala Pariyojana -- involving construction or upgradation of 34,800 km of national highways between 2017-18 and 2021-22 -- is pegged to be Rs 5,35,000 crore.

In addition, 48,877 km of projects under other ongoing schemes are also to be implemented during the same period, Mandavia said.

"This has an approved outlay of Rs 1,57,324 crore. Therefore, including Bharatmala Pariyojana Phase-I, 83,677 km of highway sector projects are proposed to be implemented with an overall cost of Rs 6,92,324 crore," he added.
Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 24 Mar, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(22)
» Draft agriculture export policy(8)
» RBI ban on LoU to severely impact MSMEs: PPMAI(2)
» MSME ministry launches portal for women entrepreneurs (1)
» Collateral free loans available for MSMEs: Minister(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter