(ET)
The National Highways Authority of India (NHAI) will rely largely on asset monetisation to fund its road construction work and plans to raise more than Rs 85,000 crore through asset recycling, minister of road transport and highways, Nitin Gadkari, said.
“We are working on raising funds from banks and the market. At the same time, we are also working on restructuring ourselves, monetising our assets more aggressively and work out innovative means to run our operations,” Gadkari said. The recent changes announced for the banking sector will improve its overall health, including the risk appetite, which will also have a positive effect on private investment in road sector, Gadkari said.To revive private investment in the roads sector, his ministry is also identifying the shortcomings of the Build-Operate-Transfer (BOT) mode of construction.
