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National Highways Infra Trust aims to secure Rs 45 billion via term loan
NHAI to monetise Odisha's Panikoili-Rimuli NH
It was reported that the National Highways Authority of India (NHAI), encouraged by the funds raised by the National Highways Infra Trust (NHIT) during the previous fiscal year, had decided to monetise highway stretches covering a distance of 2,740 km in the ongoing fiscal year. NHIT, which serves as the infrastructure investment trust of NHAI, had successfully raised Rs 403.14 billion through various forms of asset monetization in the fiscal year 2023-24. According to NHAI sources, the 167 km Panikoili-Rimuli section of NH-20, constructed at a cost exceeding Rs 18 billion, was included in the..
NHAI Picks Panikoili-Rimuli Stretch for Monetisation
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The largest-ever InvIT monetisation of Rs.160 billion completed: NHAI
National Highways Infra Trust (NHIT), the infrastructure investment trust by the National Highways Authority of India (NHAI), has successfully concluded fund-raising through 'InvIT Round-3' for national highway stretches of aggregate length of 889 km at an enterprise value of over Rs.160 billion, which is the largest monetisation by NHAI and one of the largest transactions in the history of the Indian road sector. The letter of acceptance (LOA) to raise the highest-ever concession value through 'InvIT Round-3' was issued in February 2024. In the third round of monetisation, NHIT..
NHAI to Offer 12 TOT Bundles
The National Highways Authority of India (NHAI) is gearing up to offer 12 Toll-Operate-Transfer (TOT) bundles this year, aiming to enhance its asset monetisation strategy. These bundles, totalling hundreds of kilometres of national highways, will invite private sector participation to operate and maintain these road stretches.
The TOT model has proven effective in unlocking significant value from India's road infrastructure, providing NHAI with necessary funds to reinvest in further development. Recent TOT awards, including bundles 11 and 12, secured Rs 6,584 crore, covering key stret..
Pune-Mumbai Travel Shortens: Cable Stayed Bridge Completion by 2025
Travelling between Pune and Mumbai is set to become faster and more convenient with the anticipated completion of a cable-stayed bridge by March 2025. This infrastructure marvel promises to significantly reduce travel time, easing the journey for commuters and enhancing connectivity between the two bustling cities. The cable-stayed bridge, with its sleek and modern design, is poised to become a symbol of technological advancement and architectural prowess in the region.
Once operational, the bridge will offer commuters a seamless experience, bypassing congested routes and reducing trav..
