1. Home
  2. Infrastructure Transport
  3. ROADS & HIGHWAYS
  4. MoRTH aims to raise Rs 35,000 crore through asset monetisation
MoRTH aims to raise Rs 35,000 crore through asset monetisation
ROADS & HIGHWAYS

MoRTH aims to raise Rs 35,000 crore through asset monetisation

25 Apr 2023 2 Min Read CW Team
The Ministry of Road Transport and Highways (MoRTH) expects to raise Rs 350 billion through various means of asset monetisation this fiscal year, up from Rs 328.55 billion in the previous fiscal.

Currently, MoRTH monetises its assets through three different models: toll-operate-transfer (TOT), Infrastructure Investment Trust (InvIT), and project-based financing, in order to provide all types of investors with the opportunity to invest in highway and associated infrastructure assets.

Infrastructure Investment Trust (InvIT) is a mutual fund-style entity meant to gather money from investors and invest in assets that would deliver cash flows over time.

While Rs 150 billion is intended to be raised through project-based financing of high-speed corridors by securitizing future toll income without any direction from the authority in 2023-24, Rs 100 billion is slated to be raised through InvIT.

According to the official, MoRTH has already raised Rs 679.97 billion through various types of asset monetisation in the last four years, through February 28, 2023.

He stated that Rs 263.66 billion has been raised through the monetisation of 1,614 km via ToT to date, with Rs 31.44 billion raised in FY 2022-23 until February 2023, and bids have been requested for two further ToT bundles totaling Rs 70 billion. These are likely to be awarded in July 2023, the official added.

He further stated that Rs 102 billion has been raised to date through NHAI InvIT listings totaling 635 km in phases I and II. Out of this, Rs 28.50 billion has been raised in the fiscal year 2022-23 through February 28, 2023, with InvIT phase III to be granted in April 2023 for a total of Rs 100 billion.

According to the source, Rs 313.21 billion has been realized through project-based finance of the Delhi-Mumbai Expressway to date, with Rs 75.84 billion raised in FY 2022-23 through February 2023.

See also:
In FY24, MoRTH intends to construct 45 kilometres of road daily
NHIDCL is constructing around 4,000 km in the northeast

The Ministry of Road Transport and Highways (MoRTH) expects to raise Rs 350 billion through various means of asset monetisation this fiscal year, up from Rs 328.55 billion in the previous fiscal. Currently, MoRTH monetises its assets through three different models: toll-operate-transfer (TOT), Infrastructure Investment Trust (InvIT), and project-based financing, in order to provide all types of investors with the opportunity to invest in highway and associated infrastructure assets. Infrastructure Investment Trust (InvIT) is a mutual fund-style entity meant to gather money from investors and invest in assets that would deliver cash flows over time. While Rs 150 billion is intended to be raised through project-based financing of high-speed corridors by securitizing future toll income without any direction from the authority in 2023-24, Rs 100 billion is slated to be raised through InvIT. According to the official, MoRTH has already raised Rs 679.97 billion through various types of asset monetisation in the last four years, through February 28, 2023. He stated that Rs 263.66 billion has been raised through the monetisation of 1,614 km via ToT to date, with Rs 31.44 billion raised in FY 2022-23 until February 2023, and bids have been requested for two further ToT bundles totaling Rs 70 billion. These are likely to be awarded in July 2023, the official added. He further stated that Rs 102 billion has been raised to date through NHAI InvIT listings totaling 635 km in phases I and II. Out of this, Rs 28.50 billion has been raised in the fiscal year 2022-23 through February 28, 2023, with InvIT phase III to be granted in April 2023 for a total of Rs 100 billion. According to the source, Rs 313.21 billion has been realized through project-based finance of the Delhi-Mumbai Expressway to date, with Rs 75.84 billion raised in FY 2022-23 through February 2023. See also: In FY24, MoRTH intends to construct 45 kilometres of road dailyNHIDCL is constructing around 4,000 km in the northeast

Next Story
Building Material
06 Nov 2024

JSW Steel and POSCO to Invest ?650 Billion in Odisha Steel Plant

India's JSW Steel and South Korea's POSCO have announced plans to jointly invest ?650 billion (~$7.73 billion) in constructing a steel plant in Odisha. The plant, which will have an initial capacity of 5 million tons of steel annually, is part of their strategy to tap into India's rapidly growing steel market, fueled by its fast-paced economic expansion. The cooperation agreement was signed last week, although specific financial details were not disclosed. The initial investment for the project will be ?200 billion, with the plant expected to be operational by next year. Over the following thr..

Read More
Next Story
Infrastructure Urban
06 Nov 2024

India's EV Charging Market Set to Reach $3.7 Billion by 2030

India’s electric vehicle (EV) charging market is projected to grow to $3.7 billion by 2030, driven by increasing EV adoption and the need for efficient charging solutions. The sector is expected to expand at a compound annual growth rate (CAGR) of 16%, supported by environmental concerns and fluctuating fuel prices. Globally, the EV charging infrastructure market is also experiencing significant growth, with revenues forecast to surge from $25.9 billion in 2023 to $164 billion by 2030, reflecting a CAGR of approximately 12%. "Fast-charging technologies and battery-swapping solutions are esse..

Read More
Next Story
Resources
06 Nov 2024

IIA Kerala to host SRC 2024 on November 29-30

The Southern Regional Conference (SRC) 2024, hosted by The Indian Institute of Architects (IIA) Kerala Chapter and organised by IIA Kannur Centre, will take place on November 29-30, 2024 at Vythiri Village Resort in Wayanad. This prestigious conference will bring together visionary architects from across the country  and beyond to foster a rich dialogue and exchange of innovative ideas in the field of architecture.The Southern Regional Conference serves as a premier platform for professional development, knowledge sharing, and networking within the architectural community. This year’s t..

Read More

Opinion Poll

Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?

Latest updates

JSW Steel and POSCO to Invest ?650 Billion in Odisha Steel Plant
Steel
06 Nov 2024

JSW Steel and POSCO to Invest ?650 Billion in Odisha Steel Plant

India's EV Charging Market Set to Reach $3.7 Billion by 2030
ECONOMY & POLICY
06 Nov 2024

India's EV Charging Market Set to Reach $3.7 Billion by 2030

NBCC bags construction order worth Rs 5 Bn
ECONOMY & POLICY
06 Nov 2024

NBCC bags construction order worth Rs 5 Bn

India formally sent LoI to host 2036 Olympics
ECONOMY & POLICY
06 Nov 2024

India formally sent LoI to host 2036 Olympics

NTPC, ONGC collaborate on green energy
POWER & RENEWABLE ENERGY
06 Nov 2024

NTPC, ONGC collaborate on green energy

India issues 11,098 MW in renewable energy tenders
POWER & RENEWABLE ENERGY
06 Nov 2024

India issues 11,098 MW in renewable energy tenders

Cairn Oil & Gas first join UNEP for methane reduction
OIL & GAS
06 Nov 2024

Cairn Oil & Gas first join UNEP for methane reduction

ISA Assembly kicks off in Delhi, launches solar data portal
POWER & RENEWABLE ENERGY
06 Nov 2024

ISA Assembly kicks off in Delhi, launches solar data portal

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000