Facing a shortage of funds to execute its ambitious highway development programme, the National Highways Authority of India (NHAI) will explore options like securitisation of toll receipts and launch of an infrastructure investment trust (InvIT) even as it proposes to ramp up its asset monetisation programme through the toll-operate-transfer (ToT) route.
While the initial plan was to monetise public-funded highway projects in two tranches totalling 1,073 km in the current fiscal, the authority may end up exercising the option thrice in 2019-20 on the government’s prodding.
