Total outstanding debt of NHAI stands at Rs 3.49 lakh crore: Nitin Gadkari
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Road Transport and Highways Minister Nitin Gadkari has said that the total outstanding debt of state-owned National Highways Authority of India (NHAI) stood at around Rs 3.49 lakh crore as of March 31, 2022. He noted that the fund required by NHAI for debt servicing in 2022-23, 2023-24 and 2024-25 will be Rs 31,282 crore, Rs 31,909 crore and Rs 30,552 crore, respectively.
Gadkari said the monetisation plan of operational highway stretches -- which have the largest share of Rs 1.6 lakh crore of the total asset monetisation plan of Rs 6 lakh crore over a period of four years, i.e. FY22 to FY25, as per the National Monetisation Pipeline (NMP) announced recently by the Centre -- includes 26,700 km of highways of four lanes. Till date, NHAI has monetised 26 stretches under toll-operate-transfer (TOT) and InvIT modes of monetisation.
According to the minister, the total budgetary outlay of the road ministry under BE 2022-23 is Rs 1,99,107.71 crore. In addition, he said NHAI envisages raising of Rs 15,000 crore from SPV and Rs 30,000 crore is investment envisaged from private sector participation.
