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NHAI floats SPV to finance, build and operate Delhi-Mumbai expressway

NHAI is currently implementing about 28,000 km under 'Bharatmala Pariyojna' Phase-1. Under this, Delhi-Mumbai Expressway is one of the flagship highways corridors

Photo: Dalip Kumar
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By floating an SPV specific to a corridor, NHAI is aiming to diversify its resource base. | Photo: Dalip Kumar

Megha Manchanda New Delhi
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

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