ForumIAS announcing GS Foundation Program for UPSC CSE 2025-26 from 19 April. Click Here for more information.
ForumIAS Answer Writing Focus Group (AWFG) for Mains 2024 commencing from 24th June 2024. The Entrance Test for the program will be held on 28th April 2024 at 9 AM. To know more about the program visit: https://forumias.com/blog/awfg2024
- The National Highways Authority of India(NHAI) has signed an MoU with National Investment and Infrastructure Fund(NIIF) for funding highway projects.
- This agreement is expected to provide innovative financial models including for the Bharatmala Pariyojana.
- Bharatmala Pariyojana is an umbrella program for the highways sector that focuses on optimizing efficiency of freight and passenger movement across India.
- The objective of the program is optimal resource allocation for a holistic highway development and improvement initiative.
- NIIF was set up in 2015 as an investment vehicle for funding commercially viable greenfield, brownfield and stalled projects in the infrastructure sector.
- NIIF invests in areas such as energy, transportation, housing, water, waste management and other infrastructure-related sectors in India.
- NHAI is an autonomous agency of the Government of India.It was set up in 1988 and is responsible for the management of a network of over 50,000 km of National Highways out of 1,15,000 km in India.It is a nodal agency of the Ministry of Road Transport and Highways.
