NHAI raises Rs 403.14 bn through monetisation
ROADS & HIGHWAYS

NHAI raises Rs 403.14 bn through monetisation

The National Highways Authority of India (NHAI) announced that it had raised Rs 403.14 billion from the monetisation of projects in the fiscal year 2023-24, marking the highest amount ever garnered in its history. This figure exceeded the government's target by nearly 30%, as per sources familiar with the matter. It was suggested that this achievement may have been the highest among all government agencies.

NHAI has now established a record by raising approximately Rs 1.2 trillion through asset monetisation since the fiscal year 2017-18. Officials highlighted that during the fiscal year 2023-24 alone, NHAI auctioned 670 km of completed highways under the Toll Operate Transfer (TOT) model, resulting in Rs 159.68 billion in revenue. Successful bidders are tasked with maintaining, operating, and collecting tolls for a period of 20 years. An official stated, "The private highway operators made the upfront payment to NHAI. We hope to get a good response during the current financial year as well."

According to information obtained, NHAI also achieved its highest-ever concession value of Rs 157 billion through Infrastructure Investment Trusts (InvITs) last year. This was accomplished by monetising 10 stretches covering approximately 890 km of National Highways in Assam, Karnataka, Madhya Pradesh, Uttar Pradesh, and West Bengal. It was regarded as one of the largest transactions in the history of Indian roads. InvITs are trusts responsible for managing income-generating infrastructure assets, providing investors with regular yields and a liquid method of investing in them.

The highway authority raised an additional Rs 86.46 billion through the securitisation of future toll revenue from the Delhi Mumbai Expressway project. Under this model, NHAI receives an upfront payment for the asset, with the amount being reimbursed in installments from the toll revenue to the lender.

The National Highways Authority of India (NHAI) announced that it had raised Rs 403.14 billion from the monetisation of projects in the fiscal year 2023-24, marking the highest amount ever garnered in its history. This figure exceeded the government's target by nearly 30%, as per sources familiar with the matter. It was suggested that this achievement may have been the highest among all government agencies. NHAI has now established a record by raising approximately Rs 1.2 trillion through asset monetisation since the fiscal year 2017-18. Officials highlighted that during the fiscal year 2023-24 alone, NHAI auctioned 670 km of completed highways under the Toll Operate Transfer (TOT) model, resulting in Rs 159.68 billion in revenue. Successful bidders are tasked with maintaining, operating, and collecting tolls for a period of 20 years. An official stated, The private highway operators made the upfront payment to NHAI. We hope to get a good response during the current financial year as well. According to information obtained, NHAI also achieved its highest-ever concession value of Rs 157 billion through Infrastructure Investment Trusts (InvITs) last year. This was accomplished by monetising 10 stretches covering approximately 890 km of National Highways in Assam, Karnataka, Madhya Pradesh, Uttar Pradesh, and West Bengal. It was regarded as one of the largest transactions in the history of Indian roads. InvITs are trusts responsible for managing income-generating infrastructure assets, providing investors with regular yields and a liquid method of investing in them. The highway authority raised an additional Rs 86.46 billion through the securitisation of future toll revenue from the Delhi Mumbai Expressway project. Under this model, NHAI receives an upfront payment for the asset, with the amount being reimbursed in installments from the toll revenue to the lender.

Next Story
Technology

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Next Story
Infrastructure Transport

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Next Story
Real Estate

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?