MoRTH garners Rs 403.14 bn via asset monetisation in FY24

05 Apr 2024 CW Team

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.

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