Financing road projects: Challenges and mitigation
The revenue of road EPC companies is expected to degrow 8-10 per cent this fiscal with the pandemic-driven lockdowns severely curtailing activity. Many HAM projects have seen financial closure taking over a year. The Government is bidding out more projects on the EPC mode while exhorting developers to tap the capital markets to raise funds. Further, in the post-pandemic world, NHAI has filed the prospectus with SEBI for the InVIT capital raise.
Against this backdrop, the recently concluded 10th India Roads Conference—part of the India Construction Festival Online 2020 organised by FIRST Construction Council—initiated a panel discussion on ‘Financing Road Projects for HAM and EPC Companies - Challenges and Mitigation’. Moderated by Shriyal Sethumadhavan, Feature Edi