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The National Highways Authority of India (NHAI) has unveiled plans to monetize 33 projects with the aim of raising Rs 45,000 crore during the current financial year. This target marks a significant increase of nearly 12% compared to the previous years figures. The identified projects, spanning a cumulative length of 2,742 km, are distributed across 12 states.
These assets will be monetized through Toll Operate Transfer (TOT) and Infrastructure Investment Trust (InvIT) modes. TOT involves successful bidders making upfront payments to NHAI, granting them the right to maintain, operate, and collect toll for a duration of 20 years. On the other hand, InvIT operates akin to a mutual fund, allowing individual and institutional investors to directly invest in infrastructure projects and earn returns from the generated income.
NHAI officials express confidence in surpassing the set target, citing the attractiveness of the identified projects to investors and the robust trend of toll collection along these stretches. With the economy performing well, investors are anticipated to receive substantial returns on their investments.
Among the identified stretches are the 333-km Kanpur-Ayodhya-Gorakhpur, 226-km Gurgaon-Jaipur, Haridwar-Muzaffarpur (74 km), and Chennai Bypass (32 km). The annual toll collection on these 33 stretches amounts to approximately Rs 4,931 crore.
As part of the governments national asset monetization pipeline, the road and highway sector have been allocated the highest target, aiming to monetize projects worth around Rs 1.6 lakh crore by March 2025. So far, the highway sector has achieved monetization of Rs 1.1 lakh crore, indicating significant progress towards meeting the set goals. |
