more-inThe Centre on Tuesday announced a ₹5.35 lakh crore road construction package, called BharatMala Pariyojana, in a bid to spur the economy as private investment remains moribund. Further, the remaining road projects of 10,000 km under the National Highways Development Project will form a part of the programme. The BharatMala project will be funded in a three-pronged manner – market, private investment and asset recycling of NHAI’s toll assets. While ₹2.09 lakh crore will be raised as debt from the market, ₹1.06 lakh crore will be mobilised through public-private partnership. The remaining ₹2.19 lakh crore will flow from accruals of the Central Road Funds, Toll-Operate-Maintain-Transfer monetisation proceeds and toll collections, the statement said.

Source: The Hindu October 24, 2017 19:06 UTC