infrastructure funding belief: NHAI spends report ₹2.07 lakh cr in 2023-24, builds 6,644 km of roads

Based on a authorities official, the development of highways within the simply concluded monetary 12 months additionally surpassed earlier data and stood at 6,644 km as towards 5,544 km constructed within the previous monetary 12 months, a development of 20%.

The full size of highways constructed within the final monetary 12 months was 53% larger when in comparison with 4,331 km in-built 2021-22. NHAI had focused 6,544 km of development for 2023-24.

Throughout FY 2023-24, NHAI’s monetisation receipts stood at ₹40,314 crore, which is the best in any monetary 12 months, and is 70% greater than ₹23,650.77 crore in 2022-23. This consists of 4 toll-operate-transfer (TOT) bundles value ₹15,968 crore, ₹15,700 crore raised by Infrastructure Funding Belief (InvIT) and ₹8,646 crore by toll securitisation within the previous monetary 12 months. Beneath InvIT, NHAI monetized 10 stretches with an mixture size of about 890 km, unfold throughout Assam, Karnataka, MP, UP and West Bengal, within the third spherical. Earlier, two rounds of InvIT with mixture size of about 635 km value ₹10,200 crore have been monetized. Throughout FY 2024, NHAI awarded TOT Bundles 11, 12, 13 and 14 for ₹15,968 crore, which is larger than its monetization goal of ₹10,000 crore for the final fiscal 12 months. Additional, NHAI monetised Delhi-Mumbai Expressway by mission primarily based securitisation in 2023-24 and garnered ₹4,600 crore, over and above ₹4000 crore by toll securitisation. Its whole asset monetization receipts since 2018 surpassed ₹1 lakh crore until date.