Tag: delhi mumbai expressway

The National Highways Authority of India (NHAI) has said it has formed a special purpose vehicle (SPV) to fast-track the Delhi-Mumbai Expressway project. “NHAI has proceeded to form a Special Purpose Vehicle (SPV) company for financing, construction and operation of the Delhi-Mumbai ‘Greenfield’ Expressway,” the company said in a statement. The SPV has been registered by the name of ‘DME Development Ltd’ and will be wholly owned by NHAI, it said. “By floating SPV specific to a corridor, the NHAI is aiming at diversifying its resource base and developing a sustainable and self-liquidating approach to raise finances,” it said. Spanning ... Read more