India’s road-building authority aims to monetise up to $2.4 bln of assets in 2024/25
India’s highways authority said on Tuesday it plans to monetise up to $2.4 billion worth of road projects in the current fiscal year ending March through an infrastructure investment trust route as it looks for ways to reduce its massive debt.
The state-owned National Highways Authority of India has an outstanding debt of 3.2 trillion rupees ($38 billion) and is betting on leveraging assets through infrastructure investment trusts, or InvITs,to repay its loans.
Source: REUTER