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Our Bureau

New Delhi , Sept. 21

The National Highways Authority of India (NHAI) is planning to raise about $10 billion by 2015 from banks and multi-lateral agencies for development of highways across the country.

NHAI has plans to raise funds through borrowings in the overseas markets and through various instruments such as domestic bonds, LIC loans, term loans from financial institutions and banks and loans from multi-lateral agencies (such as the World Bank, the Asian Development Bank etc.), a NHAI statement said hereon Thursday.

Against this backdrop, the NHAI Chairman, Dr Satyanarayana Dash, would be addressing global CEOs and senior institutional investors at the forthcoming 3rd Annual Investment Forum in New York on September 25-26, to attract investment for the Indian highways sector.

More Stories on : Roadways

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