NHAI to monetize 1,987 km of highways through toll-operate-transfer and InvIT modes in FY24
The National Highway Authority of India (NHAI) plans to monetize 1,987 km of highways in 2023-24 through toll operate transfer and infrastructure investment trust (InvIT) modes. The NHAI has identified 30 National Highway sections as part of its plan, with the Trichy-Thuvarankurichi-Madurai (Tamil Nadu) section spanning 124 km being the longest, and the 4.4-km Badarpur elevated corridor in Delhi being the shortest. The amount of money the NHAI aims to raise in FY24 through asset monetization was not disclosed, but under the Centre's National Monetisation Pipeline, operational highway stretches have the highest share of ₹1.6 lakh crore. In 2022-23, the NHAI targeted to monetize 14 highway sections covering 1,750.14 km and realized ₹10,367.77 crore in FY23 from 487.7 km of road assets. The asset monetization will help manage NHAI's debt, which was ₹3.5 lakh crore at the end of 2021-22.
📅Published on:
22 March 2023
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