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NHAI's total borrowings rise to Rs 3.06 lakh crore in March 2021

Replying to a question in Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari said since 2017, NHAI has availed external borrowing to the tune of Rs 3,000 crore.

August 02, 2021 / 08:01 PM IST
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The total borrowings of National Highways Authority of India (NHAI) increased to Rs 3,06,704 crore in March this year from Rs 74,742 crore in March 2017, the government said on Monday.

Replying to a question in Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari said since 2017, NHAI has availed external borrowing to the tune of Rs 3,000 crore.

The minister informed that the amount of interest paid by NHAI in 2020-21 was Rs 18,840 crore.

As of date, there are 140 arbitration cases pending before various arbitral tribunals, wherein an amount of Rs 91,875.70 crore of the contractors/ concessionaires claims and Rs 44,600 crore of NHAI's counterclaims are involved for adjudication, he said in a written reply.

Further, there are 240 cases pending before the courts wherein Rs 21,601 crore is involved.

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Responding to another question, Gadkari said the Centre has not notified green tax on older vehicles.

However, State/UT governments of Andhra Pradesh, Telangana, Karnataka, Maharashtra, Dadar & Nagar Haveli, Uttar Pradesh and Jharkhand etc. have imposed higher rates of tax on older vehicles, he said in a separate written reply.

Gadkari said the ministry was approached by various state governments/ Union Territories (UTs) for declaration of state roads, including the State Highways (SHs) as new National Highways (NHs).

The ministry considers declaration of some state roads, including the SHs, as new NHs from time-to-time based on requirement of connectivity, inter-se priority and availability of funds, he said in another written reply.

"Works on notified NHs, including newly declared NHs, are taken up as per inter-se-priority, progress of ongoing works, availability of funds and traffic density," he added.
PTI
first published: Aug 2, 2021 08:00 pm

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