NEW DELHI: The National Highways Authority of India (NHAI) will soon call a meeting of public and private sector banks looking to ensure that there are sufficient funds before it awards projects under the hybrid annuity mode (HAM).
“We will call a meeting to address their (lenders’) concerns,” an official aware of the matter told ET. “We want to ensure that we have sufficient availability of funds before we award projects. Otherwise, they will get stuck for the lack of funds.”
