The National Highways Authority of India (NHAI) has released a list of 14 National Highway (NH) projects totaling 1,750 kilometers that would be monetized this fiscal year. The roads body has set a target of raising Rs 20,000 crore from these projects' monetization.
"Toll operate and transfer (TOT), An Infrastructure Investment Trust (InvITs), and toll securitization will be used to monetize the identified assets. We anticipate a positive response because these are all revenue-generating sections," an official said.
The Hyderabad-Bangalore highway, Srikakulam-Vijayawada (239 km), Hyderabad-Nagpur (252 km), and Gandhidham-Kandla-Mundhra Port (56 km) NH sections are among the projects identified.
Through the first tranche of InVIT, the NHAI was able to collect Rs 8,000 crore in 2021-22 by monetizing five projects totaling 400 km. InvITs are collective investment vehicles, similar to mutual funds, that allow individual and institutional investors to make direct monetary investments in infrastructure projects in exchange for a small percentage of the income.
On the one hand, the Pune Mahanagar Parivahan Mahamandal Limited (PMPML) generates the largest daily income, but on the other, the company has trouble getting its electric buses (e-buses) charged at various electric depots (e-depots).More