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
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?