{"id":289521,"date":"2019-08-30T05:59:21","date_gmt":"2019-08-30T05:59:21","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=289521"},"modified":"2019-08-30T05:59:21","modified_gmt":"2019-08-30T05:59:21","slug":"pm-modis-5-trillion-gdp-goal-hits-a-hurdle-debt-at-road-builder-nhai","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pm-modis-5-trillion-gdp-goal-hits-a-hurdle-debt-at-road-builder-nhai\/","title":{"rendered":"PM Modi&#8217;s $5 trillion GDP goal hits a hurdle: Debt at road builder NHAI"},"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>\u201cNational 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. \u201cNHAI 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. \u201cNational 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. \u201cNHAI 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":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,189],"tags":[],"class_list":["post-289521","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-roads-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289521","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=289521"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289521\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=289521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=289521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=289521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}