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
Infrastructure Transport

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

Next Story
Infrastructure Transport

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

Next Story
Real Estate

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?