The Comptroller and Auditor General of India (CAG) has sought the cost audit of national highway projects as it feels expenses are rather high. It has said the government should curtail debt-raising measures of National Highways Authority of India (NHAI), which stands at Rs 1.80 lakh crore. It has raised concerns over the burgeoning costs of NHAI’s projects.
NHAI’s debt situation is a cause of concern. It is expected to touch Rs 2.50 lakh crore by the end of FY20. The payment outgo on account of interest is expected to be about Rs 25,000 crore annually for the next two decades.
