National Highway Authority of India[NHAI] Tax Free Bond Jan 2014 Interest rate up to 8.75%
National Highways Authority of India (NHAI) is an autonomous authority of the Government of India (GoI) under the Ministry of Road Transport& Highways (MoRTH) constituted on June 15, 1989 by an act of Parliament titled – The National Highways Authority of India Act, 1988 (NHAIAct)
• NHAI is responsible for the development, maintenance and management of the National Highway (NH) entrusted to it by the GoI and for matters connected or incidental thereto.
• NHAI functions include survey, development, maintenance and management of the NH and inter alia to construct offices or workshops, to establish and maintain hotels, restaurants and rest rooms at or near the highways entrusted to it, to regulate and control plying of vehicles, to
develop and provide consultancy and construction services and to collect fees for services and benefits rendered in accordance with Section 16 of NHAI Act.
• NHAI was established with a vision to meet the nation’s need for the provision and maintenance of a NH network in line with global standard sand to meet user’s expectations in the most time bound and cost effective manner, within the strategic policy framework set by the GoI andthus promote economic well being and quality of life of the people.