NHAI has offered COVID-19 loans to highway developers to help them tide over the current crisis. An interest rate of 2 per cent above the bank rate will be charged on the loans extended to private operators. The interest will be compounded quarterly and calculated on the daily outstanding balance of the loan. NHAI will disburse the COVID-19 loan within 60 days of receiving a valid request from a concessionaire. The loans will be granted only to those parties that are not in default of contractual obligations as on February 19, 2020.
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