+
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
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?