Monetisation: NHAI targets to raise Rs 2 lakh crore in three years
The National Highways Authority of India (NHAI) has set an ambitious target to monetise 21,700 km operational highway stretches in three years starting 2022-23, a plan that could help it raise around Rs 2 lakh crore. Monetisation of the existing assets will be carried out through three routes: toll operate transfer (TOT), toll securitisation and infrastructure investment trusts (InvITs)
Replying to a written question in the Lok Sabha, minister for road transport and highways Nitin Gadkari on Thursday said NHAI has identified highways with combined length of 5,500 km for monetisation in 2022-23, 7,300 km in 2023-24 and 8,900 km in 2024-25.
NHAI will use the funds to build new highways and cut its debt, which was Rs 3.17 lakh crore at the end of 2020-21. The authority has been monetising government-funded highway projects since 2018.
