MoRTH garners Rs 403.14 bn via asset monetisation in FY24
ROADS & HIGHWAYS

MoRTH garners Rs 403.14 bn via asset monetisation in FY24

A senior government official announced that in the financial year 2023-24, the Ministry of Road Transport and Highways (MoRTH) had exceeded its target by raising Rs 403.14 billion through various modes of asset monetisation, as opposed to the goal of Rs 289.68 billion. This amount comprised Rs 159.68 billion from the monetisation of 4 toll-operate-transfer (TOT) bundles, Rs 157 billion from Infrastructure Investment Trust (InvIT), and Rs 86.46 billion from securitisation.

In the previous fiscal year 2022-23, the ministry had managed to raise Rs 328.55 billion through different modes of asset monetisation.

It was explained that MoRTH currently utilises three distinct modes to monetise its assets - namely, the toll-operate-transfer (TOT) model, Infrastructure Investment Trust (InvIT), and project-based financing. This approach aims to offer investment opportunities to all types of investors interested in highway-related assets and associated infrastructure.

The official described the Infrastructure Investment Trust (InvIT) as a financial instrument resembling mutual funds, structured to pool funds from investors and allocate them to assets generating cash flows over a specified duration.

A senior government official announced that in the financial year 2023-24, the Ministry of Road Transport and Highways (MoRTH) had exceeded its target by raising Rs 403.14 billion through various modes of asset monetisation, as opposed to the goal of Rs 289.68 billion. This amount comprised Rs 159.68 billion from the monetisation of 4 toll-operate-transfer (TOT) bundles, Rs 157 billion from Infrastructure Investment Trust (InvIT), and Rs 86.46 billion from securitisation. In the previous fiscal year 2022-23, the ministry had managed to raise Rs 328.55 billion through different modes of asset monetisation. It was explained that MoRTH currently utilises three distinct modes to monetise its assets - namely, the toll-operate-transfer (TOT) model, Infrastructure Investment Trust (InvIT), and project-based financing. This approach aims to offer investment opportunities to all types of investors interested in highway-related assets and associated infrastructure. The official described the Infrastructure Investment Trust (InvIT) as a financial instrument resembling mutual funds, structured to pool funds from investors and allocate them to assets generating cash flows over a specified duration.

Next Story
Real Estate

Kitchen Dynamics

Modular kitchen design trends lean towards sustainability, smart technology integration, minimalist aesthetics and multifunctional spaces, says Rajkumar Kumawat, Founder and Principal Architect, Rajkumar Architects.Noticeable designs“A shift towards warm minimalism, where clean lines are balanced with tactile finishes such as fluted wood, brushed metals and muted stone surfaces, is a noticeable trend,” says Harkaran Singh Boparai, Founder and Principal Architect, Harkaran Boparai Studio. “Also, matte lacquers in deep, earthy tones are replacing gloss finishes, bringing a s..

Next Story
Real Estate

Redevelopment Rush

Mumbai is on the cusp of an urban transformation, driven by the pressing need to replace ageing, unsafe buildings with modern, high-density developments. The scale and pace of redevelopment across the city is unprecedented – and yet fraught with complexity.Redevelopment has become a defining strategy for urban renewal in Mumbai. One of the most challenging aspects is the displacement it entails – residents are often required to vacate their homes and live in transit accommodations until the new structures are ready. This raises valid concerns: Will the transit housing meet our needs? Will ..

Next Story
Infrastructure Energy

Powering the Future

Uninterrupted power supply is vital for modern living and, in urban settings, infrastructure is increasingly energy-sensitive. So, generator sets (gensets), a backbone of power continuity, are essential to ensure that human activity continues during grid outages or load-intensive phases of construction. However, TV Ganesh, Executive Director - Technical, Shriram Properties, recommends viewing genset technology not in isolation but as part of a broader ecosystem of intelligent, sustainable infrastructure...To read the full article Click Here ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?