NHAI raises Rs 63 bn from NCR e-way monetisation

The National Highways Authority of India (NHAI) has raised Rs 62.67 billion from the monetisation of the Eastern Peripheral Expressway (EPE), half of the new ring road around the National Capital Region. This will mark the largest such mop-up by a government agency from a single project. With this transaction, NHAI has raised around Rs 110 billion through the monetising process so far in FY23, which is a little over half the Rs 200 billion targets for the road sector during FY23. The Indian Highway Concession Trust, a joint venture of Maple Highways, a private company incorporated in Singapore, and the Canadian pension fund, CDPQ, has bagged the project under the toll, operate and transfer (TOT) model.