Government plans to tweak highway auction norms

The government is likely to approve three proposals this week to improve NHAI’s fund flow for taking up highway stretches. While the proposal to tweak conditions for auctioning of completed highway stretches to make them attractive for investors and allowing NHAI to securitise the future flow of toll revenue of already operational stretches with banks and financial institutions to get upfront lump sum amount would be considered by the cabinet.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3430CuK