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NHAI debt stands at Rs 3.49 lakh crore, Auto News, ET Auto

NHAI debt stands at Rs 3.49 lakh crore, Auto News, ET Auto

by admin
August 4, 2022
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 Till date, NHAI has monetised 26 stretches under toll-operate-transfer (TOT) and InvIT modes of monetisation.
Until date, NHAI has monetised 26 stretches underneath toll-operate-transfer (TOT) and InvIT modes of monetisation.

New Delhi: The whole excellent debt of state-owned Nationwide Highways Authority of India (NHAI) stood at round Rs 3.49 lakh crore as of March 31, 2022, Parliament was knowledgeable on Wednesday.

In a written reply to the Rajya Sabha, Highway Transport and Highways Minister Nitin Gadkari stated the fund required by NHAI for debt servicing in 2022-23, 2023-24 and 2024-25 can be Rs 31,282 crore, Rs 31,909 crore and Rs 30,552 crore, respectively.

Gadkari stated the monetisation plan of operational freeway stretches — which have the biggest share of Rs 1.6 lakh crore of the whole asset monetisation plan of Rs 6 lakh crore over a interval of 4 years, i.e. FY22 to FY25, as per the Nationwide Monetisation Pipeline (NMP) introduced just lately by the Centre — contains 26,700 km of highways of 4 lanes.

Until date, NHAI has monetised 26 stretches underneath toll-operate-transfer (TOT) and InvIT modes of monetisation.

In keeping with the minister, the whole budgetary outlay of the street ministry underneath BE 2022-23 is Rs 1,99,107.71 crore.

“As well as, NHAI envisages elevating of Rs 15,000 crore from SPV and Rs 30,000 crore is funding envisaged from non-public sector participation,” he stated.

Replying to a separate query, Gadkari stated Gujarat, Andhra Pradesh, Uttar Pradesh, Jammu and Kashmir and Arunachal Pradesh have confirmed that they’re following the supply of the Motor Automobile Act and the notification issued thereunder to make sure the suitable digital enforcement gadgets on Nationwide Highways at excessive threat and high-density corridors.

“Remaining states/UTs haven’t but confirmed,” he added.

The Ministry of Highway Transport and Highways issued a notification on August 11, 2021, for digital monitoring and enforcement of street security, which mandates that the state authorities shall be certain that applicable digital enforcement gadgets are positioned at excessive threat and high-density corridors on Nationwide Highways.

Implementation of the Motor Automobile Act, 1988 and Central Motor Automobile Guidelines, 1989 comes underneath the purview of the respective state governments/UTs.

Replying to a different query, the minister stated using metal slag in numerous pavement layers of highways is underneath the trial stage.

Requested if the federal government has any plan to take penal motion in opposition to electrical autos producers for delivering defective electrical two-wheelers to the general public, Gadkari stated, “The Central Motor Automobiles Guidelines, 1989 comprises provisions concerning non compliance with Requirements (rule 127A), Suspension Order (rule 127B) and Faulty Motor Automobiles and Recall Discover (rule 127C).”

“Part 182A of the Motor Automobile Act 1988 comprises provisions concerning punishment for offences regarding building, upkeep, sale and alteration of motor autos and element,” he added.

Gadkari stated 55.10 lakh vegetation have been planted in 94 street tasks, accomplished by March 2021.

Requested whether or not the federal government plans any electrical charging services on the Delhi-Mumbai freeway, he stated, “The ministry has mandated provision of charging services for EVs all alongside the Delhi-Mumbai Expressway.”





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