MoRTH raises Rs 40,314 crore through asset monetisation in FY24
ROADS & HIGHWAYS

MoRTH raises Rs 40,314 crore through asset monetisation in FY24

In the fiscal year 2023-24, the Ministry of Road Transport and Highways (MoRTH) has successfully generated a substantial revenue of Rs 40,314 crore through asset monetization endeavors. This accomplishment underscores the government's commitment to leveraging its infrastructure assets to bolster financial resources for further development initiatives.

Asset monetization, a strategic approach adopted by the MoRTH, involves unlocking the value of existing infrastructure assets through various means such as leasing, toll collection, and outright sales. This process not only infuses immediate funds but also optimizes the utilization of resources, thereby enhancing efficiency in the infrastructure sector.

The significant revenue generated through asset monetization reflects the robustness of the infrastructure ecosystem in the country. It underscores the attractiveness of Indian infrastructure assets to investors, both domestic and international, showcasing the immense potential for further investment in this sector.

This achievement aligns with the government's broader vision of modernizing and expanding the country's infrastructure network. By leveraging the value of existing assets, the government can allocate resources more effectively towards the development of new projects, thus fostering sustainable growth and economic prosperity.

Furthermore, the success of asset monetization initiatives signifies a paradigm shift in the financing of infrastructure projects. Moving away from traditional models reliant solely on government funding, asset monetization introduces innovative financing mechanisms that encourage private sector participation and foster public-private partnerships.

Overall, the substantial revenue generated by the MoRTH through asset monetization in FY24 highlights the government's proactive approach towards infrastructure development and financial management. It sets a promising precedent for future endeavors, indicating a continued emphasis on leveraging India's vast infrastructure potential to drive economic growth and prosperity.

In the fiscal year 2023-24, the Ministry of Road Transport and Highways (MoRTH) has successfully generated a substantial revenue of Rs 40,314 crore through asset monetization endeavors. This accomplishment underscores the government's commitment to leveraging its infrastructure assets to bolster financial resources for further development initiatives. Asset monetization, a strategic approach adopted by the MoRTH, involves unlocking the value of existing infrastructure assets through various means such as leasing, toll collection, and outright sales. This process not only infuses immediate funds but also optimizes the utilization of resources, thereby enhancing efficiency in the infrastructure sector. The significant revenue generated through asset monetization reflects the robustness of the infrastructure ecosystem in the country. It underscores the attractiveness of Indian infrastructure assets to investors, both domestic and international, showcasing the immense potential for further investment in this sector. This achievement aligns with the government's broader vision of modernizing and expanding the country's infrastructure network. By leveraging the value of existing assets, the government can allocate resources more effectively towards the development of new projects, thus fostering sustainable growth and economic prosperity. Furthermore, the success of asset monetization initiatives signifies a paradigm shift in the financing of infrastructure projects. Moving away from traditional models reliant solely on government funding, asset monetization introduces innovative financing mechanisms that encourage private sector participation and foster public-private partnerships. Overall, the substantial revenue generated by the MoRTH through asset monetization in FY24 highlights the government's proactive approach towards infrastructure development and financial management. It sets a promising precedent for future endeavors, indicating a continued emphasis on leveraging India's vast infrastructure potential to drive economic growth and prosperity.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?