NHAI's Strategic Bond Issue and Flood Preparedness
July 5, 2024, 9:42 pm
Location: India, Delhi, New Delhi
Employees: 1001-5000
Founded date: 1988
Total raised: $4.83B
NHAI's plans to raise Rs.30 billion through bonds in FY25 to support infrastructure projects and its proactive flood plan in response to IMD's forecast of above-normal monsoon rainfall in July and August showcase the authority's commitment to enhancing India's road infrastructure and disaster preparedness.
NHAI's bond issuance in FY25 aims to mobilize funds for critical infrastructure projects, including road construction, expansion, and modernization efforts. The authority's reputation for executing large-scale infrastructure projects and robust financial management framework is expected to attract investor interest and accelerate road development initiatives, contributing to India's overall infrastructure development goals.
In response to IMD's forecast, NHAI has activated a comprehensive flood plan to safeguard lives and property, minimize disruption to travel and infrastructure, and ensure effective disaster preparedness. The plan involves identifying vulnerable locations, establishing alternate diversion routes, deploying emergency response teams, and monitoring vulnerable slopes and tunnels in real time to prevent accidents and ensure safety.
Collaboration with district administrations, joint inspections with the irrigation department, and preparation of alternative travel routes and resource mobilization in flood-prone areas demonstrate NHAI's commitment to effective response and disaster preparedness. This multi-pronged approach reflects NHAI's dedication to ensuring the functionality of national highways during heavy rainfall and potential disasters.
NHAI's bond issuance in FY25 aims to mobilize funds for critical infrastructure projects, including road construction, expansion, and modernization efforts. The authority's reputation for executing large-scale infrastructure projects and robust financial management framework is expected to attract investor interest and accelerate road development initiatives, contributing to India's overall infrastructure development goals.
In response to IMD's forecast, NHAI has activated a comprehensive flood plan to safeguard lives and property, minimize disruption to travel and infrastructure, and ensure effective disaster preparedness. The plan involves identifying vulnerable locations, establishing alternate diversion routes, deploying emergency response teams, and monitoring vulnerable slopes and tunnels in real time to prevent accidents and ensure safety.
Collaboration with district administrations, joint inspections with the irrigation department, and preparation of alternative travel routes and resource mobilization in flood-prone areas demonstrate NHAI's commitment to effective response and disaster preparedness. This multi-pronged approach reflects NHAI's dedication to ensuring the functionality of national highways during heavy rainfall and potential disasters.