The National Highways Authority of India (NHAI) announced plans to raise ₹1,000 crore through green bonds to fund environment-friendly initiatives for which expressway project? (December 2024)

Correct option is B

The National Highways Authority of India (NHAI) plans to raise ₹1,000 crore through green bonds for the Delhi-Mumbai Expressway, promoting sustainability in infrastructure development.
· About the Delhi-Mumbai Expressway
· Recognized as the costliest expressway in India, it incorporates cutting-edge technology and eco-friendly measures to balance development with sustainability.
· Green Bond Utilization
· Funds will be used for:
· Plantation along avenues and medians.
· Development of animal underpasses to support wildlife.
· Installation of solar-powered streetlights to reduce carbon footprint.
· Rainwater harvesting systems and efficient stormwater drainage.
· Recycling and reuse of construction and operational waste.
· Details of the Green Bond Issue
· Total size: ₹1,000 crore.
· Includes a base issue of ₹500 crore and an additional green-shoe option to accommodate oversubscription up to ₹500 crore.