After muted TOT response, NHAI toys with equity offer to raise funds
NEW DELHI: The National Highway Authority of India (NHAI) is looking to rope in equity partners for funding highway projects in a bid to raise more funds and get around the problem of muted private investment.
To begin with, the NHAI is likely to form a special purpose vehicle (SPV) for the 1,320-km Delhi-Mumbai expressway and seek equity participation, a government official aware of the matter told ET.
“We are exploring a possibility of forming an SPV for the (Delhi-Mumbai) project. The land acquisition costs will be borne by NHAI,” the official said.
