The National Highways Authority of India (NHAI) has surpassed its construction and expenditure targets for FY 2024-25, marking a significant achievement in infrastructure development. NHAI constructed 5,614 km of National Highways, exceeding its target of 5,150 km for the year. 

Capital expenditure for highway development hit a record high of over Rs 2,500 billion (provisional), surpassing the targeted Rs 2,400 billion. This represents a 21% increase from Rs 2,070 billion in FY 2023-24 and a 45% rise from Rs 1,730 billion in FY 2022-23. The capex includes both government budgetary support and NHAI’s internal resources. 

In terms of asset monetisation, NHAI raised Rs 287.24 billion through three key mechanisms: Toll Operate Transfer (TOT), Infrastructure Investment Trust (InvIT), and Toll Securitisation. Notably, the highest-ever InvIT proceeds of Rs 177.38 billion were recorded in a single round during the year. 

This robust performance underlines NHAI’s commitment to building world-class highway infrastructure, contributing significantly to economic growth and national development. 

(PIB)