India may aim to monetise $24 bn worth of highways by 2027

The Indian government plans to generate revenue of approximately two trillion rupees (equivalent to $24.1 billion) by monetising highways in the coming years, said rating agency CareEdge.

According to the agency’s report, the National Highways Authority of India is expected to build approximately 4,000 to 4,500 kilometers (equivalent to 2,796.2 miles) of new roads annually in the next three years, and the government can generate revenue from these assets using an Infrastructure Investment Trust (InvIT) or a toll-operate-transfer (TOT) model.