Page 6 - National Highways Authority Of India

Govt plans to fund highways by issuing bonds with attractive returns

Gadkari said the government might raise funds by issuance of bonds and proposed an attractive rate of return of around 7.5-8 per cent

NHAI suffers Rs 4-bn loss on non-recovery of damages from realty developers

Authority failed to recover damages of Rs 851.9 million from four concessionaires

Rate of growth in building national highways hits speed bump in 2017-18

But length of roads constructed more than doubles in 4 years

NHAI to award 3,500 km of work by Dec end in a bid to speed up projects

Some of the projects that were bid out this year include Dwarka Expressway in Delhi, Varanasi Ring Road Phase-II in Uttar Pradesh, Khambataki Ghat 6-lane Tunnel on Pune - Satara Section in Maharashtra

Govt to incentivise faster implementation of highway contracts

Plans to offer up to 10% of project cost as bonus to contractors, compared to 5% at present

NHAI starts process of raising Rs 25,000 cr via medium-term notes

In line with government's push on capital funding the National Highways Authority of India (NHAI) has begun the process of raising funds through medium term notes worth Rs 25,000 crore over next five years to be listed either on the London Stock Exchange or Stock Exchange of Singapore. The authority is expected to soon receive sovereign ratings from international agencies Moody's and Standard & Poor's.The authority plans to utilize the proceeds from the medium term note (MTN), which usually matures in five to 10 years, for primarily financing the EPC (engineering-procurement-construction) projects that it undertakes."Sovereign ratings from international agencies would ensure fund raising at a lower interest rate for us," an NHAI official said. The interest rate post sovereign rating is expected to be 20-30 basis points lower than what was paid by NHAI earlier and the first tranche of Rs 7000 crore of the total Rs 25,000 crore is likely to be raised this year followed by similar .

Short tenures of NHAI chiefs make progress path longer

According to an industry expert, frequent change at the top position has affected the sector dearly

Govt to seek details from US authorities in $1-mn NHAI bribery case

Nitin Gadkari had earlier said that strict action would be taken against those found guilty

NHAI to raise Rs 3,300 cr via tax-free bonds

The Issue opens on February 24 and is scheduled to close on March 01