{"id":411838,"date":"2021-04-24T10:54:05","date_gmt":"2021-04-24T05:24:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=411838"},"modified":"2021-04-24T12:08:04","modified_gmt":"2021-04-24T06:38:04","slug":"form-infra-fund-to-finance-road-projects-nitin-gadkari-to-highway-companies","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/form-infra-fund-to-finance-road-projects-nitin-gadkari-to-highway-companies\/","title":{"rendered":"Form infra fund to finance road projects: Nitin Gadkari to highway companies"},"content":{"rendered":"<p>Union Minister Nitin Gadkari on Friday suggested to major highway builders and private companies to look into the option of floating an infrastructure finance fund or non-banking financial company to fund road projects. <\/p>\n<p>Replying to a query at a virtual event organised by industry body Assocham, Gadkari also said only big contractors who are financially strong and have good relations with banks are getting funds. <\/p>\n<p>&#8220;Why don&#8217;t you find an alternative? Each of you should put \u20b9100 crore&#8230; to form an infrastructure finance company. I will ask NHAI to put equity and then you tie up with a foreign fund.     <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Union Minister Nitin Gadkari on Friday suggested to major highway builders and private companies to look into the option of floating an infrastructure finance fund or non-banking financial company to fund road projects. Replying to a query at a virtual event organised by industry body Assocham, Gadkari also said only big contractors who are financially strong and have good relations with banks are getting funds. &#8220;Why don&#8217;t you find an alternative? Each of you should put \u20b9100 crore&#8230; to form an infrastructure finance company. I will ask NHAI to put equity and then you tie up with a foreign fund.<\/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":[139,130,189],"tags":[],"class_list":["post-411838","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\/411838","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=411838"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411838\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=411838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=411838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=411838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}