NHAI forms SPV to fund Delhi-Mumbai Expressway.
NHAI forms SPV to fund Delhi-Mumbai Expressway.
The National Highways Authority of India (NHAI) has formed a special purpose vehicle (SPV) company for financing, construction and operation of the Rs 1 lakh crore Delhi-Mumbai expressways.
The 1,300-km long Delhi-Mumbai Greenfield expressways are one of the flagship projects of Bharatamala, India's highways development program.
The SPV has been registered under the name of 'DME Development Ltd.' and will be wholly owned by NHAI.
The SPV shall raise debt on its balance sheet, while NHAI will retain the operational control during construction and operation and maintenance periods.
The toll on the projects housed in SPV shall be collected by NHAI and SPV shall get the annuity payments without any construction and tolling risks
Current Issue
01-2026
