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Construction : Transport Update | November 2015 | Source : CW-India

CCEA approves loan for highway projects

The Cabinet Committee on Economic Affairs (CCEA) recently approved one-time financial assistance to National Highway Authority of India (NHAI) to revive and complete languishing national highway projects with a total cost of Rs 450 bn.Out of the total languishing highway projects as on November 1, 2014, which have completed 50 per cent of construction, Ind-Ra estimates that 30 per cent are BOT (Build Operate Transfer) annuity based projects and the balance 70 per cent are toll projects.
 
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