The National Highways Authority of India (NHAI) is planing to raise Rs 55,000 crore through bonds this fiscal for financing its various projects.

The Minister of State for Road Transport and Highways Pon Radhakrishnan has said in a written reply to Rajya Sabha that “NHAI plans to raise Rs 5,000 crore through capital gains bonds and Rs 50,000 crore through taxable bonds or other similar instruments.”

The government has given its approval for borrowing Rs 59,279 crore by NHAI during 2016-17.

Radhakrishnan has said in a separate reply that the “Ministry and the NHAI propose to construct maximum possible number of kilometers of National Highways in the year 2016-17.”

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