Rating agencies give AAA rating to NHAI owned special purpose vehicle
NEW DELHI: The National Highways Authority of India’s fully owned Special Purpose Vehicle (SPV), DME Developers Ltd (DMEL), has received AAA rating from CRISIL, CARE and India Rating. The SPV is executing the Delhi Mumbai Expressway project.
Through this SPV, NHAI has planned to diversify its resource base and develop a project specific sustainable and self-liquidating approach to raise finances.
Delhi- Mumbai Expressway is a flagship greenfield project under ‘Bharatmala Pariyojna’.
The project is scheduled for completion by March 2023, with one of the stretches to JNPT getting completed by Sept 2023.
