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NHAI Looks to Offer Roads as Collateral, Talking with SBI for Funds
September 05, 2019
In a bid to raise money for new and existing projects, the National Highway Authority of India (NHAI) is looking to raise money by offering roads and other assets as collateral. The authority is already in talks with public sector State Bank of India (SBI) regarding the same.
As per the proposed agreement, SBI shall offer funds worth 80% of a project’s value. The rest of the money will have to be arranged by the agency itself. The loan’s term shall be 15 years.
Photo credit: Balaji Photography – 5 M views and Growing on Visualhunt / CC BY-SA
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