Lok Sabha Question No. 1598 (UNSTARRED), answered on 2016-11-24
Subject: Investment Required for Execution of Highway Projects
Ministry: ROAD TRANSPORT AND HIGHWAYS
Asked by: JAYAKUMAR JAYAVARDHAN, HEENA VIJAYKUMAR GAVIT, RAJEEV SHANKARRAO SATAV, BHARATENDRA SINGH

## GOVERNMENT OF INDIA

## MINISTRY OF ROAD TRANSPORT AND HIGHWAYS

## LOK SABHA

## UNSTARRED QUESTION NO.1598

ANSWERED ON 24 TH  NOVEMBER, 2016

## INVESTMENT REQUIRED FOR EXECUTION OF HIGHWAY PROJECTS

1598.   DR. J. JAYAVARDHAN:

DR. HEENA VIJAYKUMAR GAVIT:

SHRI SATAV RAJEEV:

KUNWAR BHARATENDRA:

Will the Minister of ROAD TRANSPORT AND HIGHWAYS be pleased to state:

## सड़क परिवहन औि िाजमार्ग मंत्री

- (a) the  estimated  total  investment  required  by  National  Highways  Authority  of  India  (NHAI)  for execution of different highway project;
- (b) the quantum of funds raised by NHAI till date for this purpose;
- (c) whether the NHAI is planning to tap about Rs. 25000 crores from insurance companies to extend the period for execution of highway project, if so, the details thereof;
- (d) the insurance companies which have come forward to finance NHAI; and
- (e) whether  the  Government  has  set  any  target  to  complete  the  NHAI  project  in  a  time  bound manner?

## ANSWER

## THE MINISTER OF STATE IN THE MINISTRY OF ROAD TRANSPORT AND HIGHWAYS

## (SHRI PON. RADHAKRISHNAN)

- (a) The estimated total investment required by NHAI for execution of different highway projects is Rs. 71911 crore (BE 2016-17).
- (b) Details of fund raised by NHAI till October 2016 is as under:

| Year                         |   Amount Raised (crore) | Name of the Instrument   | Source                                               |
|------------------------------|-------------------------|--------------------------|------------------------------------------------------|
| 2011-12                      |                   10000 | Tax Free Bonds           | QIB, Corporates, HNI & Individuals                   |
| 2013-14                      |                    5000 | Tax Free Bonds           | QIB, Corporates, HNI & Individuals                   |
| 2015-16                      |                   19000 | Tax Free Bonds           | QIB, Corporates, HNI & Individuals                   |
| 2016-17                      |                   10000 | Taxable Bonds only       | EPFO                                                 |
| Outstanding as on 31.10.2016 |                   11929 | 54 EC Capital gains      | Investors intending to avail capital gain exemption. |
| Total                        |                   55929 |                          |                                                      |

- (c) Yes, Madam.  LIC has agreed in principle to subscribe to NHAI taxable bonds to the tune of Rs 25000 crore  subject  to  not  more  than  Rs  8500/-  crore  in  one  Financial  Year.   The  terms  and condition are under negotiation.
- (d) Only the Life Insurance Corporation of India.
- (e) The steps taken by NHAI to complete the NHDP projects in time bound manner are as under:

Streamlining of land acquisition,  Disputes Resolution mechanism revamped, No award without adequate  preparation  -  MoRTH  and  NHAI  have  now  decided  that  no  project  would  be appraised/awarded  unless  80%  of  land  is  available  with  the  Authority  with  requisite  forest clearance.   Similarly  possession  was  linked  to  3D  notification  but  now  possession  means, disbursement  of  compensation  and  possession  thereafter.  ROBs  :  The  procedure  for  GAD approved by Railways for ROBs simplified and made online.  Maintenance charges which were hampering the  progress  of  many  projects  stand  waived  by  railways.   Standard  design  put  on website.    Proposed  exit  for  Equity  Investors,  Securitization  of  road  sector  loans,  close coordination with other Ministries and State Governments

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