NHAI’s debt likely to go beyond Rs 3 lakh crore-mark by March

New Delhi: National Highway Authority of India’s (NHAI’s) total debt is likely to go beyond Rs 3 lakh crore-mark before March next year as the authority’s overall debt already crossed Rs 2.7 lakh crore-mark and it is expected loan another Rs 31,500 crore soon.

In next year’s Union Budget, government is expected to allow NHAI to borrow Rs 65,000 crore in the next fiscal, according to a news report by Financial Express daily.

Hence, the total debt of the authority debt will touch Rs 3.69 lakh crore before the of the next fiscal. On the other hand, NHAI had a total debt of Rs 1.79 lakh crore at the end of 2018-19 fiscal.

In the ongoing fiscal, NHAI has already raised Rs 33,500 crore as debt. Of this, Rs 5,000 crore has been raised by the authority as long-term loan from SBI. Another Rs 1,500 crore has been raised through 54 EC bonds and another Rs 27,000 crore by way of taxable bonds.

Project awards by NHAI’s through BOT-Toll mechanism became zero since 2018-19. It fell consistently every fiscal from 96 percent of all project awards in 2011-12.