Total borrowings of state-owned National Highways Authority of India (NHAI) have increased more than twofold to Rs 3,38,250 crore in three years to March 2021 compared to Rs 1,22,561 crore as of March 2018. The Parliament was informed . Replying to a written question in the Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari said NHAI creates valuable road assets which are financially viable.
Gadkari said that tolling of the
completed public funded road assets and monetizing the assets through ToT/InVIT
modes are major steps taken by the government to generate revenue for repayment
of the loans and further construction by NHAI.
With a view to ensuring a sustainable
debt level, regular exercise for balancing its assets and liabilities is
undertaken by NHAI, he added.
Replying to a separate question, the
minister said during the last five years, 58,408 km length of National Highway
(NH) projects have been awarded and 52,479 km length of NHs have been