the NHAI board, it will be a win-win situation for all three parties — contractor, lenders and NHAI. The lenders’ consortium as of now is led by IDFC and includes PSU banks such as Punjab National Bank and Bank of India.
DGSCL already has huge liability including the Rs 1,600-crore debt that will be taken over by IDFC, and the need for immediate measures to improve the traffic and road conditions will be its responsibility.
If the deal goes through, IDFC will be collecting toll till 2023 to recoup the funds. For NHAI, the salvaging of the project is crucial in sustaining investor interest in public-private partnership projects in the sector.