NHAI to bridge road projects funding gap

The Cabinet Committee of Economic Affairs (CCEA) decided to extend a one-time dispensation for funds infusion by NHAI into such under-construction build, operate and transfer or BOT (toll) highway projects announced earlier to stranded BOT (annuity) projects also.

National Authority of India loan will carry an interest of 9.75% (bank rate plus 2%). NHAI will have the first charge on the receivables (toll/annuity) once these projects are completed.