PMO asks FinMin to rescue NHAI from debt trap
NEW DELHI: The finance ministry is helping the National Highway Authority to come out of the debt trap and become financially viable, as the body has seen its debt mounting to Rs 3.07 lakh crore on March 2021, up from Rs 74,742 crore in March 2017, seeing a four-fold increase.
According to sources in the finance ministry, the NHAI had sought additional funds to come out of the financial mess, however, given the curb on expenditure, it had to resort to external commercial borrowing also. Overall, the NHAI has borrowed additional Rs 58,000 crore in last one year. So, on the direction of the PMO, finance Ministry is helping it out.
