Report on Road and Highways_Jan’24

The Report outlines the increased focus on BOT-Toll projects in the award mix of national highways, and its consequent impact on project cost, and funding requirements. It posits that this enhanced need will be met by a combination of steadily increasing toll revenues backed by consistently additions of 4+ lane highways, bank and NBFC debt funding which is currently buoyant, improving credit profile of developers which supports capital market activity, besides monetisation to recycle capital in existing projects

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