In a recent development, the National Highways Authority of India (NHAI) demarcated as many as 33 stretches of highway aggregating over 2,741 kilometres that shall get monetised during the current financial year through toll operate transfer (TOT) and infrastructure investment trust (InvIT) modes.
These stretches of highways include sprawls like Lucknow-Aligarh, Kanpur-Ayodhya-Gorakhpur, and Bareilly-Sitapur in Uttar Pradesh, Gurugram-Kotputli-Jaipur bypass and Jaipur-Kishangarh in Rajasthan, Panikoili-Rimuli in Odisha, Chennai bypass in Tamil Nadu, and Muzaffarpur-Darbhanga-Purnia highway in Bihar.
As of FY 2023-24, NHAI has raised Rs 40,314 crore through various modes of asset monetisation against the goal of Rs 28,868 crore. NHAI’s asset monetisation, on the other hand, has transcended the sum of Rs. 1 lakh crore. The Ministry of Road, Transport and Highways (MoRTH) had monetised a lumpsum of Rs 32,855 crore in 2022-23 through its various modes of asset monetisation, namely three: toll-operate-transfer (TOT) model, Infrastructure Investment Trust (InvIT), and project-based financing to provide all categories of investors an opportunity to invest in assets about highways and associated infrastructure.
