- Wall Street slides amid Fed meeting concerns, potential Ukraine conflict; Dow Jones, S&P 500, Nasdaq Composite witness sharp fal
- Axis Bank Q3FY22 Earnings: PAT up 224% YoY to Rs 3614 cr on strong deposit and loan growth; NII up 17%
- Budget 2022 Expectations: From access to laptops at schools, universities to support to EdTech startups - check budget wishlist
- Swiggy raises Rs 5,225 crore from Invesco; to advance core platform, grow quick commerce grocery service Instamart
NHAI borrowings jump over 2-fold to Rs 3.38 lakh crore in 3 years
National Highways Authority of India (NHAI) have increased more than twofold to Rs 3,38,250 crore in three years to March 2021 compared to Rs 1,22,561 crore as of March 2018.
Total borrowings of state-owned National Highways Authority of India (NHAI) have increased more than twofold to Rs 3,38,250 crore in three years to March 2021 compared to Rs 1,22,561 crore as of March 2018, Parliament was informed on Wednesday.
Replying to a written question in the Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari said NHAI creates valuable road assets which are financially viable.
Gadkari said that tolling of the completed public funded road assets and monetizing the assets through ToT/InVIT modes are major steps taken by the government to generate revenue for repayment of the loans and further construction by NHAI.
With a view to ensuring a sustainable debt level, regular exercise for balancing its assets and liabilities is undertaken by NHAI, he added.
Replying to a separate question, the minister said during the last five years, 58,408 km length of National Highway (NH) projects have been awarded and 52,479 km length of NHs have been constructed.
Gadkari also said in the last five years, 4,358 km of National Highway have been constructed in the mountainous and border areas with an expenditure of Rs 70,733 crore.
To another question, he said the total number of plants planted by NHAI along the National Highways from 2017-2018 to 2021-22 (till October, 2021) is 223.94 lakhs. Around 55.10 lakh plants have been planted in 94 projects, completed by March 2021, Gadkari added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.