{"id":289470,"date":"2019-08-30T05:03:32","date_gmt":"2019-08-30T05:03:32","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=289470"},"modified":"2019-08-30T05:08:03","modified_gmt":"2019-08-30T05:08:03","slug":"new-speed-breaker-on-indias-road-to-5-trn-economy-nhais-mounting-debt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/new-speed-breaker-on-indias-road-to-5-trn-economy-nhais-mounting-debt\/","title":{"rendered":"New speed breaker on India&#8217;s road to $ 5 trn economy; NHAI&#8217;s mounting debt"},"content":{"rendered":"<p>India\u2019s path to economic recovery faces another obstacle, with Prime Minister Narendra Modi asking the state road builder to stop constructing highways after its debt ballooned almost seven-fold over the past five years. <\/p>\n<p>&#8220;National Highways Authority of India totally logjammed with unplanned and excessive expansion of roads,&#8221; the prime minister\u2019s office wrote to NHAI in a letter dated August 17. &#8220;NHAI mandated to pay several times the land cost; its construction costs also shooting up. Road infrastructure has become financially unviable.&#8221; <\/p>\n<p>Modi\u2019s office proposed that NHAI be transformed into a road-asset management company, according to the letter obtained by Bloomberg, and the prime minister\u2019s office asked NHAI to reply within a week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s path to economic recovery faces another obstacle, with Prime Minister Narendra Modi asking the state road builder to stop constructing highways after its debt ballooned almost seven-fold over the past five years. &#8220;National Highways Authority of India totally logjammed with unplanned and excessive expansion of roads,&#8221; the prime minister\u2019s office wrote to NHAI in a letter dated August 17. &#8220;NHAI mandated to pay several times the land cost; its construction costs also shooting up. Road infrastructure has become financially unviable.&#8221; Modi\u2019s office proposed that NHAI be transformed into a road-asset management company, according to the letter obtained by Bloomberg, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,168],"tags":[],"class_list":["post-289470","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=289470"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289470\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=289470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=289470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=289470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}