Key Points
The centre is finalising steeper highway construction targets for the current fiscal 2023-24, in line with plans to boost infrastructure creation, ahead of the 2024 parliamentary elections..
A senior Roads Ministry official told ET that highway construction goals for the fiscal are being redrawn after top government functionaries expressed dismay at modest targets..
He also said there will be higher retail participation in the coming round of National Highways Authority of India (NHAI) infrastructure investment trust (InvIT) fund raise...
NHAIs income stood at Rs 41,000 crore in 2022-23 and this will rise to Rs 1.25 lakh crore in 2028-29, he said.. Sharing that the third round of fund raise using InvITs is being firmed up, the official said that there will be higher retail participation this time, after assessing the demand in the previous round...
The National Highways Infra Trust (NHIT), a special purpose vehicle (SPV) of NHAI, has held two rounds of fund raise till now..
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