(BS)
The National Highways Authority of India (NHAI) has sought Rs 25,000 crore more from the Centre for the next financial year (2020-21), mainly to fund its ambitious highway projects. It is learnt that the authority has sought Rs 25,000 crore more than what it received in 2019-20. The NHAI has the approval to raise Rs 75,000 crore in borrowings during the current year, while the government support is Rs 36,691 crore.
The highways authority has made its presentation to the Ministry of Road Transport and Highways, which, in turn, would send its demand to the Ministry of Finance.According to an official in the know, the road ministry may seek even higher budgetary support than being proposed by the NHAI. The proposal is yet to go to the Finance Ministry.
