Parliament panel asks NHAI to explore debt restructuring, raise long-term funds
Expressing its displeasure over a whopping Rs 97,115 crore debt servicing liability on National Highways Authority of India (NHAI), a Parliamentary penal has asked the authority to explore restructuring of existing debt and look for options to raise long-term funds.
The Department-related Parliamentary Standing Committee on Transport, Tourism and Culture, in its report tabled in Parliament on Tuesday also asked NHAI to prioritise its delayed road projects.
“The Committee is distressed to note the huge debt servicing liability of NHAI in the upcoming years,” the 31-member panel chaired by TG Venkatesh said pointing out debt servicing liability of Rs 38,997 crore for 2021-22, Rs 28,800 crore for 2022-23 and Rs 29,318 crore for 2023-24.
