NHAI to raise Rs 20,000 cr from road assets monetisation in 2022-23
ROADS & HIGHWAYS

NHAI to raise Rs 20,000 cr from road assets monetisation in 2022-23

The National Highways Authority of India (NHAI) has decided to monetise highway stretches with a combined length of 1,750 km in 2022-23, a move which enables it to raise about Rs 20,000 crore.

It has made an indicative list of road assets to be monetised in the current fiscal year, which comprises 14 stretches with lengths between 6.49 km and 280 km in various parts of the country.

Asset monetisation is central to the plan of NHAI to mitigate its debt burden, which stood at Rs 3.5 trillion at the end of the last fiscal year. Monetisation of operational assets will be via the infrastructure investment trusts (InvIT), toll-operate-transfer (TOT), and toll securitisation modes.

The NHAI recently cancelled the bidding processes for two TOT bundles — sixth and eighth — as the highest bids did not match up to its expectations.

In 2022-23, the NHAI will not borrow from the market. The budgetary outlay for the agency this year is evaluated at Rs 1.34 trillion, much more than the level in recent years.

Crisil’s Jagannarayan Padmanabhan said the authority to sail via the revised target for the current fiscal year comfortably provided the current level of investors’ appetite.

Image Source

Also read: NHAI to award 6,500 km NH construction contracts this FY

The National Highways Authority of India (NHAI) has decided to monetise highway stretches with a combined length of 1,750 km in 2022-23, a move which enables it to raise about Rs 20,000 crore. It has made an indicative list of road assets to be monetised in the current fiscal year, which comprises 14 stretches with lengths between 6.49 km and 280 km in various parts of the country. Asset monetisation is central to the plan of NHAI to mitigate its debt burden, which stood at Rs 3.5 trillion at the end of the last fiscal year. Monetisation of operational assets will be via the infrastructure investment trusts (InvIT), toll-operate-transfer (TOT), and toll securitisation modes. The NHAI recently cancelled the bidding processes for two TOT bundles — sixth and eighth — as the highest bids did not match up to its expectations. In 2022-23, the NHAI will not borrow from the market. The budgetary outlay for the agency this year is evaluated at Rs 1.34 trillion, much more than the level in recent years. Crisil’s Jagannarayan Padmanabhan said the authority to sail via the revised target for the current fiscal year comfortably provided the current level of investors’ appetite. Image Source Also read: NHAI to award 6,500 km NH construction contracts this FY

Next Story
Real Estate

Supreme Unveils New Brand Identity to Elevate Lifestyle

Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group’s refreshed vision to ‘Elevate Lifestyle’. This brand transformation represents more than a visual refresh—it marks a strategic shift in the company’s mission, visual identity and market positioning. The update will be visible across all of Supreme’s digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..

Next Story
Infrastructure Urban

Capri Loans Launches #TarrakiKeHaath Campaign Honouring India’s Everyday Heroes

Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India — from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans’ long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat’s economy. Conceptualized by Rediffusion Brand Solutions, the..

Next Story
Infrastructure Urban

Mphasis Partners with Sixfold to Revolutionize Insurance Underwriting with AI

Mphasis, a leading provider of cloud and cognitive technology solutions, today announced a strategic partnership with Sixfold, a US and UK-based artificial intelligence (AI) underwriting company, to enhance and streamline insurance underwriting processes. As a certified implementation partner, Mphasis will integrate Sixfold’s AI-powered platform to help insurers significantly accelerate submission intake, improve risk assessment accuracy, and reduce underwriting turnaround times. The solution, already in production at several leading carriers, is designed for Life & Disability, Comm..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?