Varma calls for new financing models
The Indian Government would shortly list InvITs on the stock market for retail investors to trade and create an opportunity for the common person to invest in infrastructure projects.
This was disclosed by Sanjay Varma, General Manager (Finance) NHAI, at a conference on “Building Green & Sustainable Infrastructure with New Age Technologies and Road Safety 2.0”.
He also highlighted the Government initiatives of new finance models through TOT (Toll Operate & Transfer), InvIT and SPVs.
The budgetary allocation has been increased Rs.183,101 crores (Financial Year 2022) from Rs.33,414 crores (Financial Year 2015), he pointed out.
“But we can’t rely on Government support perennially and need to innovate new financing models to build and maintain better and safe roads,” he underlined.
Akhilesh Srivastava, Ex CGM–NHAI, also called for innovation in the construction industry to achieve scale speed for building infrastructure to be a fully developed nation by 2047.
He called for new construction technologies which reduce time and cost and new greener and more cost-effective materials which lead towards Net Zero and Zero fatalities on roads with new-age technologies to assist drivers and vehicles.
It is impossible to improve road safety without using the latest technologies, he added.
Over 400 delegates attended the Global Road Construction & Safety Conference 2022 held 30 Nov in New Delhi.
Speakers deliberated on:
Innovative technologies in road construction to optimise cost & save time;
New sustainable and green construction materials with the most negligible carbon emission;
New-age road safety technologies to reduce road fatalities;
Emerging financing trends in the road sector;
How to reduce carbon emission in road construction- a step towards Net Zero in road construction. fiinews.com
