The Road Transport and Highways Ministry and its road building arm, NHAI, are weighing the option of raising money through ´masala bonds´ as road construction activity gathers pace. Masala bonds refer to a financial instrument through which Indian companies can raise money from global markets in rupees.According to news reports quoting unnamed sources, a London-based firm has approached the ministry as NHAI needs to raise about Rs.50,000 crore this year for projects. The ministry has provided Rs.2,000 crore from the fuel cess to NHAI and has asked it to fend for itself. Officials reportedly said the proposal from the London-based firm is being considered. The highway ministry has set an ambitious target of building 15,000 km of roads and awarding projects for another 25,000 km in the current financial year.
FlashNews:
HSR Needs Fast Tracking
RECPDCL Handovers Ratle Kiru Power Transmission Limited, a SPV of Transmission Project, to IndiGrid 2 Private Limited
RECPDCL Handovers 3 Nos. SPVs of transmission projects viz. Banaskantha Transco Limited, Kurnool-IV Transmission Limited & Rajasthan V Power Transmission Limited to Power Grid Corporation of India Limited
Showcasing India’s Supply Chain Revolution
Highlighting the Future of Smart, Sustainable Infra
Driving Sustainability Through Innovation
REC Signs ₹18,360 Cr MoU with Govt. of Kerala for Pump Storage Projects
IIFCL Launches its Gender Equality and Social Inclusion (GESI) Cell on the occasion of International Women’s Day 2025.
IIFCL and CBI Sign Expression of Interest to promote Sustainable Infrastructure Financing in India
CCI India presents 1st edition of CEO Round Table Conference on Agriculture
Jayesh Ranjan & Cement Expo Forum Leaders converge in Hyderabad
Fluence Launches Advanced Smartstack Platform for New Energy Storage Era
NBCC inks MoU with NIT Kurukshetra valuing Rs. 300 Crore
REC Foundation Commits ₹6 Crore to Sankara Eye Hospital for Cataract Surgeries Benefiting 8,000 EWS Patients
Integrated Exhibition Cum Convention Centre (IECC), better known as Bharat Mandapam, achieves prestigious GRIHA 4-Star Rating
REC Limited Signs Agreement with CVPPL, to provide ₹2147.508 Crore Term Loan to Develop 1000MW Pakal Dul Hydro Electric Project
NBCC Reports Robust 40% Surge in Net Profit
The time to invest in India’s energy sector is now, says PM Modi
India’s Oil Minister Urges Energy Justice to Ensure Equitable Global Energy Transition
Home » Highways Min eyes ´masala´ bonds to fund road projects
Highways Min eyes ´masala´ bonds to fund road projects
Infrastructure Finance
June 1, 2016June 1, 2016

Leave a Reply
You must be logged in to post a comment.