NHAI sets record with Rs 156.24 bn concession value in InvIT Round-3

13 Feb 2024 CW Team

NHAI has achieved a record concession value of Rs 156.24 billion through 'InvIT Round-3', marking the highest ever. This milestone was reached by monetising 10 stretches, totalling approximately 890 km. Impressively, the Letter of Acceptance (LOA) was issued within two hours of the bid opening.

NHAI employs three monetisation modes: Toll Operate Transfer (TOT), InvIT, and Securitisation. In the current financial year, NHAI has already awarded four TOT Bundles, resulting in a monetised value of Rs 159.68 billion. The success rate in the TOT mode for FY24 stands at 100%, with LOAs issued within one day of the financial bid opening.

Previously, under the TOT Mode, NHAI successfully monetised six rounds covering 1614 km, generating Rs 263.66 billion, and two rounds of InvIT (635 km), bringing in Rs 102 billion. Additionally, through Securitisation, NHAI has raised about Rs 370 billion thus far, with an anticipated Rs 50 billion by the end of FY24.

As a result, the Total Asset Monetisation Program of MoRTH and NHAI has surpassed Rs 1 trillion, comprising Rs 423.34 billion through TOT, Rs 261.25 billion through InvIT, and Rs 420 billion through Securitisation. This achievement aligns with the Government of India's vision outlined in the National Monetisation Plan and reinforces the fulfilment of budgetary announcements by the government of India.

Infrastructure Transport

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