FM Sitharaman is likely to raise NHAI capex, but its borrowings from external sources will be curtailed. Highways asset monetisation's plans are on track.
In an interview to ThePrint, Road Secretary and NHAI chairman Giridhar Aramane said 700 charging stations will come up as part of wayside amenities on national highways.
The Union Minister also said that NHAI will rake in annual toll income to the tune of Rs 1.40 lakh crore in the next five years from the current level of Rs 40,000 crore.
The govt is auctioning national highway assets under two models — Toll Operate Transfer and Infrastructure Investment Funds — to monetise them. The 104 NHs span 26,700 km.
At an event Friday where both Uddhav Thackeray and Union Minister Nitin Gadkari were present, the chief minister said his government will not allow any obstacles in public work.
In written reply to Rajya Sabha, Highways Minister Nitin Gadkari says NHAI's debt was Rs 3.07 lakh crore on 31 March 2021, up from Rs 2.49 lakh crore in March 2020.
By 2024, India’s road infrastructure will be comparable to US & Europe, with access-controlled expressways, public transport running on electricity, Nitin Gadkari said at ThePrint's Off the Cuff.
Standing Committee on Transport, Tourism & Culture has also said it is ‘distressed’ to note NHAI’s Rs 97,000-crore debt servicing liability in the coming years.
Retirement fund body has seen rise in earnings from capital gains from equity. Its earnings are distributed among its subscribers, with EPFO retaining a small surplus.
Yuan Wang 5 is currently 599 nautical miles away from Hambantota, having been at sea for 35 hours since departing the Chinese port of Taicang, according to latest data.
Kashmir as a crisis has fallen off our headlines and from the top of our collective minds. Which is precisely the most important change for the better.