NHAI plans to raise funds from LIC and NSSF for Bharatmala

NHAI plans to raise Rs 85 billion from the LIC and Rs 100 billion from the National Small Savings Fund (NSSF) to finance the Bharatmala programme. Further, NHAI also plans to raise Rs 50 billion through masala bonds. The funds will be raised for a tenor of 15 years at an interest rate of less than 8 per cent. In the first quarter of 2018-19, it plans to borrow funds worth Rs 250 billion. In addition, NHAI also expects to receive Rs 96.81 billion from the Macquarie Group in May 2018. Recently, the group won the toll-operate-transfer bid for nine national highways spanning a total length of around 700 km.