Mumbai: The covid-19 pandemic and the resultant nationwide lockdown have hit National Highways Authority of India’s (NHAI) plans to monetise almost $1 billion by selling toll rights as buyers look to wait out the period of uncertainty, said three people aware of the development, on the condition of anonymity.
This delay in asset monetisation could stretch NHAI’s balance sheet, given that it has suffered loss of revenue as toll collection was suspended till 20 April and as traffic on roads is expected to be thin till things return to normal.
India has been under a lockdown since 25 March which is expected to last till 17 May, as of now.
