NHAI to List Highways With Long-Term Monetisation Potential
ROADS & HIGHWAYS

NHAI to List Highways With Long-Term Monetisation Potential

The National Highways Authority of India (NHAI) is set to create a dedicated register of highway assets with long-term monetisation potential, complementing its existing annual list of roads earmarked for commercialisation through toll-operate-transfer (TOT) and infrastructure investment trust (InvIT) models.

The initiative aims to maximise asset value and offer investors greater visibility into potential future opportunities. According to officials, this register will include technical and financial data to assess revenue viability, allowing investors to formulate strategic plans for engagement with India's road infrastructure market.

For the current financial year, the monetisation list includes 24 highway stretches spanning 1,472 km, with a revenue target of Rs 300 billion. However, this target may increase, as the government's updated asset monetisation strategy calls for a more aggressive approach to asset sales.

The upcoming asset register will classify highway stretches based on revenue potential: highly attractive, moderately attractive, potentially attractive, and low revenue per kilometre. Stretches with minimal returns will be excluded from monetisation bundles. Instead, bundles will be structured to balance immediate revenue with future growth, reducing risk and enhancing investor appeal.

Highways must meet strict eligibility criteria to enter the register:
  • Must be operational for at least one year
  • Construction must be fully completed
  • No major upgrades required in the near term
  • Toll revenue should exceed Rs 8 million per km per year
  • Must be free of legal disputes or liabilities
NHAI also plans to launch a public InvIT, offering three asset bundles every quarter, enabling retail investors to participate in the highway monetisation programme. This will run parallel to the private InvIT, the National Highway Infrastructure Trust (NHIT), which has already completed four monetisation rounds.
By streamlining project information and classifying assets based on investor interest, NHAI’s expanded monetisation strategy seeks to boost funding, enhance transparency, and accelerate development across India’s national highways network.

The National Highways Authority of India (NHAI) is set to create a dedicated register of highway assets with long-term monetisation potential, complementing its existing annual list of roads earmarked for commercialisation through toll-operate-transfer (TOT) and infrastructure investment trust (InvIT) models.The initiative aims to maximise asset value and offer investors greater visibility into potential future opportunities. According to officials, this register will include technical and financial data to assess revenue viability, allowing investors to formulate strategic plans for engagement with India's road infrastructure market.For the current financial year, the monetisation list includes 24 highway stretches spanning 1,472 km, with a revenue target of Rs 300 billion. However, this target may increase, as the government's updated asset monetisation strategy calls for a more aggressive approach to asset sales.The upcoming asset register will classify highway stretches based on revenue potential: highly attractive, moderately attractive, potentially attractive, and low revenue per kilometre. Stretches with minimal returns will be excluded from monetisation bundles. Instead, bundles will be structured to balance immediate revenue with future growth, reducing risk and enhancing investor appeal.Highways must meet strict eligibility criteria to enter the register:Must be operational for at least one yearConstruction must be fully completedNo major upgrades required in the near termToll revenue should exceed Rs 8 million per km per yearMust be free of legal disputes or liabilitiesNHAI also plans to launch a public InvIT, offering three asset bundles every quarter, enabling retail investors to participate in the highway monetisation programme. This will run parallel to the private InvIT, the National Highway Infrastructure Trust (NHIT), which has already completed four monetisation rounds.By streamlining project information and classifying assets based on investor interest, NHAI’s expanded monetisation strategy seeks to boost funding, enhance transparency, and accelerate development across India’s national highways network.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code