In what could bolster the confidence of lenders in highway projects, they may be given the facility of a charge on the receivables. Currently, the lenders have a lien on the escrow account where the receivables are deposited but they hardly get to exercise the right. From the escrow account, the sovereign dues are paid first, followed by the cost of operation and management and National Highways Authority of India (NHAI) premium. The banks are the last to get access to the account and the funds get exhausted before their turn.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/highway-project-lenders-get-charge-receivables
[2] http://admin.indiaenvironmentportal.org.in/category/author/timsy-jaipuria
[3] http://admin.indiaenvironmentportal.org.in/category/newspaper/financial-express-new-delhi
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/highways
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/national-highways-authority-india-nhai
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ministry-shipping-road-transport-and-highways
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/roads
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/forests
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/land
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/habitat-and-urbanisation
