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NHAI to Launch Rs 1000 Crore Green Bonds for Eco-Friendly Initiatives

The National Highways Authority of India (NHAI) plans to issue green bonds worth Rs 1,000 crore to fund eco-friendly initiatives along the Delhi-Mumbai Expressway. The bond issue, set to launch in the second week of December 2024, will finance projects such as avenue and median plantation, animal underpasses, solar streetlights, waste recycling, and rainwater harvesting. NHAI Chairman Santosh Kumar Yadav emphasized that these bonds will promote investment in sustainable projects in the Roads & Highways sector, leading to long-term cost savings and reduced environmental impact.
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