NHAI approves norms for value capture finance

The National Highways Authority of India (NHAI) on Thursday approved the land acquisition policy based on value capture finance.

Value capture finance or VCF is a type of public financing that recovers some or all of the value that public infrastructure generates for private landowners.

The norms approved by the NHAI seek to devise a mechanism to implement VCF, jointly by the states and NHAI, to part finance the cost of highway construction in order to make them viable.

Bharatmala Pariyojana provides for Grand Challenge Mechanism to take up projects on fast track where sufficient and timely land is made