NHAI aims for Rs 30-bn infrastructure financing via bond market

NHAI targets Rs 30bn bond issuance for Delhi-Mumbai Expressway

DME Development, a division of the National Highways Authority of India (NHAI), is preparing to enter the bond market for the first time this fiscal year, with the aim of generating Rs 30 billion ($360.74 million).

Established as a special-purpose vehicle by the NHAI in August 2020, DME Development is responsible for constructing the Delhi-Mumbai expressway, which traverses the states of Delhi, Rajasthan, Madhya Pradesh, Gujarat, and Maharashtra.

In March, DME successfully secured Rs 23.55 billion through the issuance of 10-year bonds carrying a semi-annual coupon rate of 7.89%. ..

NHAI aims to construct 23 new highways by 2025

Loutolim Villagers Upset with Borim Bridge Project Transparency

Residents of Loutolim in Goa are expressing frustration over what they perceive as a lack of transparency regarding the Borim Bridge project. The community has voiced concerns over the project's planning and implementation, citing inadequate communication and consultation by authorities.

According to local sources, villagers feel marginalised as decisions regarding the bridge project have been made without sufficient public disclosure or engagement. There is a growing sentiment among residents that their voices and concerns have not been adequately considered in the planning stages.