NHAI to have new wings for global projects, expressways

NHAI International will execute projects in Sri Lanka, Nepal, Bangladesh, Iran, some African nations

The Union government is planning to create two new entities under the National Highways Authority of India (NHAI) – likely in the form of special purpose vehicles that will remain attached to the parent organisation – to focus on international projects and expressways.

“We are thinking of setting up two subsidiaries of the NHAI — Express Highways and NHAI International. These could be on the lines of the NHIDCL (National Highways & Infrastructure Development Corporation Ltd). NHAI International would execute projects in Sri Lanka, Nepal, Bangladesh, Iran and even some African nations,” Nitin Gadkari, union road transport and highways minister, told Business