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Thursday , 13 June 2024

Tag Archives: NHAI projects

Banks to fund NHAI projects with 80% land

The Department of Financial Services of the Union Finance Ministry recently conveyed to bank CEOs that they could finance PPP road projects if the NHAI acquired at least 80% of the land required for a project. Simultaneously, under the new rules, developers are allowed to collect toll after 75% completion of a project. The move is expected to ease financing ...