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The Road Transport and Highways Ministry have decided to raise around Rs. 1 lakh crore through a well devised off budgetary mechanism in the coming financial year in order to fund several of their highway construction projects. This hefty amount is going to be raised via the National Highways Authority of India鈥檚 bonds, institutional financing from the Life Insurance Corporation of India (LIC), from the Employee Provident Fund Organisation (EPFO) and also from various other market borrowings.
The Authorities from NHAI and the Road Ministry have claimed that they are also planning on generating the associated revenue via the highway monetisation programme under the popular Toll-Operate-Transfer scheme and also from the forthcoming and other future investment funds of NHAI. The Chairman of the National Highways Authority of India Cheap Adidas NMD Womens , Mr Deepak Kumar stated that they are currently working on strategies to generate Rs. 1 lakh crore for the forthcoming financial year. He further stated that 70% of this expenditure is going to be raised by the funds and borrowings while the rest 30% will be generated by the highway monetisation programme. Many officials are flabbergasted with the amount because of the fact that it is almost twice as what they have had to generate this year which was near to Rs. 47,000 crore. The proposal for the NHAI investment funds has been further looked into by the highest authority board back on March 15th 2018. The announcement regarding the same was made in the financial budget speech by the finance minister. Mr Deepak Kumar further emphasised saying that they are seeking the approval from the board following which they will come up with a concrete plan of action for these investments and revenue generation.
As per the reports, the Road Ministry, for the upcoming fiscal year, is expecting to construct around 12,000 km of roads and highways and will award a record of 25 Cheap Adidas NMD Shoes ,000 km. The allocated budget for this year has been raised to Rs. 71,000 crore from Rs. 61,000 crore which was passed for the financial year of 2017-18. The stretch of construction this year is expected to be around 10,000 km which is by far the highest to be constructed.