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NHAI is Aiming to Generate an Amount of Rs. 18,500 Crore from LIC, NSSF

Nation highways Authority of India is also going to raise Rs. 5,000 crore with the masala bonds. They are thinking of utilising these funds for the construction of the 10 expressway projects across the country.

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NHAI is Aiming to Generate an Amount of Rs. 18,500 Crore from LIC, NSSF

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  1. NHAI is Aiming to Generate an Amount of Rs. 18,500 Crore from LIC, NSSF As per the recent reports, the National Highways Authority of India is experimenting ways to generate a whopping amount of Rs. 5,000 crore from the Life Insurance Corporation of India and another Rs. 10,000 crore from the National Small Savings Fund in order to finance the road and highways construction projects under the Bharatmala highway development programme. Apart from these funding schemes, National Highways Authority of India is also going to raise Rs. 5,000 crore with the masala bonds. They are thinking of utilising these funds for the construction of the 10 expressway projects across the country. These investment funds are going to be raised for a complete tenure of 15 years with an associated rate of interest of less than 8%. An official associated with NHAI claimed that the borrowing in the very first quarter of this financial year is expected to amount to Rs. 25,000 crore. Further, the NHAI is also expecting to receive over Rs. 9,000 crore from highway monetisation. The Government has recently performed an auction process for the leasing of around nine national highway projects around Andhra Pradesh and Gujarat. It was the distinguished Sydney based Macquarie group which won the TOT bid for the construction of these national highway projects in India. An official commented on the same stating that the payment from this group is going to come around in the month of May. The amount will be deposited in the consolidated fund of India which will then be ring-fenced and forwarded to NHAI. In the current fiscal year of 2018-19, NHAI is aiming to successfully generate Rs. 1 lakh crore in borrowings and through the monetisation of highway projects as they are most likely going to undertake projects ranging over a stretch of 5,000 km of national highways. As per the statistics, NHAI constructs around 35% of the total stretch of national highways in India which is gradually increasing with each passing year. The last financial year’s investment raised by NHAI amounted to Rs. 50,000 crore. With the overwhelming amount of road projects, the fund requirements have increased as well. As per the official statement, NHAI claimed that they are expecting to generate Rs. 30,000 crore from the monetisation of highways and the rest would be financed with the bonds. #DevelopmentofRoadWaysinIndia #RoadTransportIndia

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