+
NHAI plans to monetise 2,741 km via toll operate transfer, InvIT in FY25
ROADS & HIGHWAYS

NHAI plans to monetise 2,741 km via toll operate transfer, InvIT in FY25

The National Highways Authority of India (NHAI) has expressed its intention to monetize 33 stretches of national highways during the current financial year of 2024-25 (FY25) through toll operate transfer (TOT) and infrastructure investment trust (InvIT).

It was mentioned that the stretches encompass Lucknow-Aligarh, Kanpur-Ayodhya-Gorakhpur, and Bareilly-Sitapur in Uttar Pradesh, Gurugram-Kotputli-Jaipur bypass and Jaipur-Kishangarh in Rajasthan, Panikoili-Rimuli in Odisha, Chennai Bypass in Tamil Nadu, and Muzaffarpur-Darbhanga-Purnia highway in Bihar.

During the previous financial year (FY24), these 33 stretches, totalling 2741 kilometers (km), reportedly generated around Rs 50 billion in revenue. NHAI will have the authority to reassess and modify the list and methods of monetisation according to its own strategic plans moving forward.

It remains unclear which of these assets will be included in NHAI's TOT bundles and which will be transferred to the highway authority?s InvIT. It has been noted that NHAI has already released 14 bundles of national highways in the TOT mode. This particular mechanism grants highway entities the privilege to collect toll for a specified duration after paying an upfront cash amount to the authority.

The valuation process is determined through competitive bidding. Despite facing challenges in ensuring bids deemed fair by the authority, NHAI has managed to allocate 10 TOT bundles, generating a total of Rs 420 billion since the inception of the asset monetisation initiative.

The National Highways Authority of India (NHAI) has expressed its intention to monetize 33 stretches of national highways during the current financial year of 2024-25 (FY25) through toll operate transfer (TOT) and infrastructure investment trust (InvIT). It was mentioned that the stretches encompass Lucknow-Aligarh, Kanpur-Ayodhya-Gorakhpur, and Bareilly-Sitapur in Uttar Pradesh, Gurugram-Kotputli-Jaipur bypass and Jaipur-Kishangarh in Rajasthan, Panikoili-Rimuli in Odisha, Chennai Bypass in Tamil Nadu, and Muzaffarpur-Darbhanga-Purnia highway in Bihar. During the previous financial year (FY24), these 33 stretches, totalling 2741 kilometers (km), reportedly generated around Rs 50 billion in revenue. NHAI will have the authority to reassess and modify the list and methods of monetisation according to its own strategic plans moving forward. It remains unclear which of these assets will be included in NHAI's TOT bundles and which will be transferred to the highway authority?s InvIT. It has been noted that NHAI has already released 14 bundles of national highways in the TOT mode. This particular mechanism grants highway entities the privilege to collect toll for a specified duration after paying an upfront cash amount to the authority. The valuation process is determined through competitive bidding. Despite facing challenges in ensuring bids deemed fair by the authority, NHAI has managed to allocate 10 TOT bundles, generating a total of Rs 420 billion since the inception of the asset monetisation initiative.

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?