The National Highways Authority of India (NHAI) on Thursday said it has formed an arm to finance, construct, and operate the Delhi-Mumbai Expressway.
The NHAI said in a statement that the special purpose vehicle (SPV) has been registered as DME Development and will be wholly owned by the highways authority.
By floating an SPV specific to a corridor, the NHAI is aiming at diversifying its resource base and developing a sustainable and self-liquidating approach to raise finances.
The NHAI is currently implementing about 28,000 km under the Bharatmala Pariyojana Phase 1. Under this, the Delhi-Mumbai Expressway is one of the