NEW DELHI: The National Highways Authority of India (NHAI) has started working on new strategies to tap long-term investment from different sources including from insurance, pension and foreign funds and also to get soft loan from multi-lateral agencies such as World Bank, ADB and New Development Bank (earlier known as BRICS bank).
\nThe intense exercise has started amid clear indications of fall in toll revenue, reduction in fuel cess and subdued response to the monetisation of completed highway projects, the three key sources for NHAI\u2019s finances.
\nAn NHAI official said they have engaged a team of experts \u201crecommended by World Bank\u201d and another external expert has been appointed as advisor (finance) who has worked in a major public sector insurance company.
\nSources said the group of experts will have the responsibility to carry out background review, compile data and will be tasked with \u201cdeveloping new financing approaches in the current financial horizon\u201d. They added the experts will identify the required investment and potential investors and will also provide credit risk mitigation support.
\n\u201cNow it\u2019s all the more important to study all the projects and what best we can do to continue our highway development without facing financial burden,\u201d said an official.
\nDespite government\u2019s effort, private investment has not revived in this sector and NHAI has been fully funding highway development projects in most of the cases.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI: The National Highways Authority of India (NHAI) has started working on new strategies to tap long-term investment from different sources including from insurance, pension and foreign funds and also to get soft loan from multi-lateral agencies such as World Bank, ADB and New Development Bank (earlier known as BRICS bank). The intense exercise has started amid clear indications of fall in toll revenue, reduction in fuel cess and subdued response to the monetisation of completed highway projects, the three key sources for NHAI\u2019s finances. An NHAI official said they have engaged a team of experts \u201crecommended by World […]<\/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":[130,221,137],"tags":[],"class_list":["post-352696","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352696","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=352696"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352696\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=352696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=352696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=352696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}