NHAI to raise Rs 20,000 cr from road assets monetisation in 2022-23
ROADS & HIGHWAYS

NHAI to raise Rs 20,000 cr from road assets monetisation in 2022-23

The National Highways Authority of India (NHAI) has decided to monetise highway stretches with a combined length of 1,750 km in 2022-23, a move which enables it to raise about Rs 20,000 crore.

It has made an indicative list of road assets to be monetised in the current fiscal year, which comprises 14 stretches with lengths between 6.49 km and 280 km in various parts of the country.

Asset monetisation is central to the plan of NHAI to mitigate its debt burden, which stood at Rs 3.5 trillion at the end of the last fiscal year. Monetisation of operational assets will be via the infrastructure investment trusts (InvIT), toll-operate-transfer (TOT), and toll securitisation modes.

The NHAI recently cancelled the bidding processes for two TOT bundles — sixth and eighth — as the highest bids did not match up to its expectations.

In 2022-23, the NHAI will not borrow from the market. The budgetary outlay for the agency this year is evaluated at Rs 1.34 trillion, much more than the level in recent years.

Crisil’s Jagannarayan Padmanabhan said the authority to sail via the revised target for the current fiscal year comfortably provided the current level of investors’ appetite.

Image Source

Also read: NHAI to award 6,500 km NH construction contracts this FY

The National Highways Authority of India (NHAI) has decided to monetise highway stretches with a combined length of 1,750 km in 2022-23, a move which enables it to raise about Rs 20,000 crore. It has made an indicative list of road assets to be monetised in the current fiscal year, which comprises 14 stretches with lengths between 6.49 km and 280 km in various parts of the country. Asset monetisation is central to the plan of NHAI to mitigate its debt burden, which stood at Rs 3.5 trillion at the end of the last fiscal year. Monetisation of operational assets will be via the infrastructure investment trusts (InvIT), toll-operate-transfer (TOT), and toll securitisation modes. The NHAI recently cancelled the bidding processes for two TOT bundles — sixth and eighth — as the highest bids did not match up to its expectations. In 2022-23, the NHAI will not borrow from the market. The budgetary outlay for the agency this year is evaluated at Rs 1.34 trillion, much more than the level in recent years. Crisil’s Jagannarayan Padmanabhan said the authority to sail via the revised target for the current fiscal year comfortably provided the current level of investors’ appetite. Image Source Also read: NHAI to award 6,500 km NH construction contracts this FY

Next Story
Infrastructure Transport

Unified railway app for tickets and tracking launching in December

The Indian Railways is expected to launch a super app consolidating passenger services by the end of December, according to officials familiar with the project. The app, which is being developed by the Centre for Railway Information Systems (CRIS), will integrate with the Indian Railway Catering and Tourism Corporation (IRCTC), these officials stated. IRCTC would continue to serve as the interface between CRIS and passengers purchasing train tickets, and that integration between the super app and IRCTC is currently underway. The app will provide a wide range of services, including booking p..

Next Story
Infrastructure Urban

TN drives distributed growth vision with multiple new projects

Tamil Nadu is advancing on its plan to achieve comprehensive growth, launching numerous projects across business sectors with a focus on tier-2 and tier-3 cities. Soon after taking office in May 2021, Chief Minister M.K. Stalin emphasised his government’s commitment to developing both metro and smaller cities to drive industrial growth across the state. The industries department highlighted its focus on creating high-quality, well-paying jobs across Tamil Nadu by establishing various manufacturing facilities, including automobile plants, mini TIDEL Parks, and State Industries Promotion Corp..

Next Story
Infrastructure Energy

India's power consumption slightly up to 140.4 billion units in October

India's power consumption experienced a slight increase of about one per cent, reaching 140.47 billion units (BU) in October, compared to the same period last year. This growth was primarily attributed to a high base effect. In October of the previous year, power consumption had surged by over 22 per cent to 139.44 BU from 113.94 BU in October 2022. The maximum daily supply, or peak power demand met, decreased to 219.22 GW in October 2024 from 221.53 GW in October 2023. May 2024 saw peak power demand reach an all-time high of nearly 250 GW, surpassing the previous record of 243.27 GW set in S..

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