Union Minister Nitin Gadkari on Thursday said the government will approach the capital market this month to raise funds for road projects.
Addressing an event here, he said toll revenue of the NHAI will soar to Rs 1.40 lakh crore per annum in next three years from Rs 40,000 crore per annum currently.
“This month, I will be approaching the capital market to raise funds for road projects…Our toll income is very good and NHAI’s rating is AAA…I am 100 per cent sure that we will get a good response from the capital market,” the Road Transport and Highways minister said.
Gadkari said the insurance funds, pension funds have shown interest to invest in India’s road projects because there is economic viability.
