the success of the government’s ambitious highway asset monetisation programme, a critical component of the National Monetisation Pipeline (NMP), will hinge on several factors, including the attractiveness of assets, duration of the concession, institutional mechanism for dispute resolution and, above all, the leeway given to the private sector to operate such assets, experts have said.
The target of raising Rs 1.6 trn over FY22-25 through the road monetisation programme – which is ~27% of the Rs 6 trn sought to be raised through the NMP – is a stiff one given past experience, which has been a mixed bag for the National Highways Authority of India (NHAI).
