To maintain transparency and sustainability, the Centre will likely continue to meet the massive capital expenditure requirements of the two largest state-run transport infrastructure builders –the National Highways Authority of India (NHAI) and the Indian Railways — fully for the next financial year as well, sources said.
That would mean that these two entities would not borrow from the market for funds — NHAI for the third year in a row and the railways for the second year in a row. The Centre’s borrowing plan for FY24 includes the entire market funding requirement of the railways and NHAI.
