Back to Career News

NHAI Looks to Offer Roads as Collateral, Talking with SBI for Funds

September 05, 2019

NHAI Looks to Offer Roads as Collateral, Talking with SBI for Funds

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

Recommended for you ...

Indian Tech Startups Raise $1.6 Billion in Q1 2024, Retail and Fintech Lead Growth
Indian Tech Startups Raise $1.6 Billion in Q1 2024, Retail and Fintech Lead Growth

March 28, 2024

Fintech Experts Advocate for Cohesive Regulatory Framework Amid Rapid Digitalisation of Finance
Fintech Experts Advocate for Cohesive Regulatory Framework Amid Rapid Digitalisation of Finance

March 27, 2024

Indian Payment Aggregators Rush to Obtain International Payment Licences
Indian Payment Aggregators Rush to Obtain International Payment Licences

March 27, 2024

Chat on WhatsApp