Rising cost of Bharatmala Project pushes NHAI to monetise assets. Can InvIT, TOT help avoid debt?
From Left, Nirmala Sitharaman, finance minister and Nitin Gadkari, minister of Road Transport and Highways.
Synopsis
To fund its ambitious Bharatmala Project, the NHAI needs to monetise its assets. However, the government does not want it to take more debt. Hence, NHAI has to bank on leasing toll roads under TOT contracts or go for Infrastructure Investment Trusts. But that too has its own set of challenges.
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