NHAI could monetise greater than ₹1 lakh cr belongings by FY24 finish

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The Nationwide Highways Authority of India (NHAI) expects to surpass ₹ 1 lakh crore of asset monetisation by the top of this monetary yr, garnering about ₹40,000 crore, which might be the very best ever receipt from the train since 2018-19.

As per the info reviewed by ET, the full monetisation receipts of the NHAI between 2018-19 and 2022-23 stood at ₹70,441.67 crore. These embody monetisation by way of toll-operate-transfer (TOT) bundle, infrastructure funding trusts (InvITs) and toll securitisation.

NHAI may monetise more than ₹1-l cr assets by FY24 end

On this fiscal, the highway transport and highways ministry has awarded TOT bundle 11, 12, 13 and 14 amounting to ₹15,968 crore, whereas it plans to boost ₹15,000 crore by way of InvITs and ₹9,000 crore by way of toll securitisation. of which ₹3,000 crore has already been realised by the federal government. This can take the full receipts from asset monetisation to ₹1,10,409.67 crore by March 31, 2024, over the previous six years.

“We have now undertaken asset monetisation in an enormous approach. This has been potential due to the attractiveness of the highway tasks, increased returns to buyers and operational expertise of gamers prompting them to go for larger investments year-after-year,” stated a senior official, who didn’t want to be recognized.

The finance ministry, on Thursday, hailed in a submit on X the success achieved by the highway transport and highways ministry on asset monetisation since 2021-22 by way of the Nationwide Monetisation Coverage, saying it should complement public sources. It stated the highway transport and highways ministry realised ₹73,126 crore until November 2023 by way of progressive methods of financing together with TOT, InvIT and project-based financing. The receipts embody ₹ 26,365 crore by way of monetisation of 1,615 km of roll by way of TOT, ₹ 10,200 crore by monetising 635 km although InvIT and ₹36,561 crore raised by way of project-based financing for the Delhi-Mumbai Expressway, it stated.

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