NHAI aims to raise over ₹10,000 cr via InvIT, TOT

The National Highways Authority of India (NHAI) has planned to raise at least ₹10,000 crore this year by monetizing its assets. Successful sales of tolling rights on highway assets would be crucial to NHAI's funding of its Bharatmala Pariyojana scheme, which has plunged the state-run agency into debt. The plan is to monetize about 1,200km of roads this year. The first will be the InvIT (infrastructure investment trust), which it is ready to launch soon. The first tranche will be about 600km and depending on how successful that goes, they may bring in more assets later. The second will be 3-4 bundles under the toll-operate-transfer (TOT) route of about 150km each. NHAI will make these bundles smaller than in previous rounds to suit investors.