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NHAI to Raise INR 75,000 Crore Through Market Borrowings for FY20

Infra News - Published on Fri, 12 Jul 2019

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Mr Nagendra Nath Sinha chairman of NHAI said that National Highways Authority of India has started the process for raising INR 75,000 crore through market borrowings for the current financial year started April 1. The highway authority will borrow funds through multiple channels, including LIC, debt funds, pension funds and sovereign funds, Sinha said, adding that the body will also look at sourcing funds from Infrastructure Investment Trusts, National Investment and Infrastructure Fund and even special purpose vehicle. The authority is also open to funds generated by the means of monetising its assets.

Mr Sinha added that the authority would soon initiate awarding of projects for roads and national highways to intended stakeholders, but only on the completion of the land acquisition process.

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Posted By : Mohan Sharma on Fri, 12 Jul 2019
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