NHAI to raise Rs.60,000 cr via infra bonds

The National Highways Authority of India (NHAI) plans to raise Rs 60,000 crore through infra bonds, with an aim to earn Rs 10,000 crore a year from sources like optical fibre network and 1 lakh km of 1,200 kV transmission lines under national highways. With NHAI firming up plans to award 5,000 km national highway construction by FY15, Rs 40,000 crore orders awarded under the EPC route and the ministry setting a target to construct 30 km a day, the highway authority will have to hit the bond market soon to raise funds. Contact: NHAI. Tel: 011-2507 4100. Fax: 011-2509 3507. Website: www.nhai.org