MoRTH plans to raise Rs 35,000 cr through asset monetisation in FY23
The Ministry of Road Transport and Highways (MoRTH) plans to raise Rs 35,000 crore through various modes of asset monetisation in this financial year, against Rs 32,855-crore target in the last fiscal, a senior government official said on Sunday.
Currently, MoRTH monetises its assets under three different modes viz toll-operate-transfer (TOT) model, Infrastructure Investment Trust (InvIT) and project-based financing, in order to provide all categories of investors an opportunity to invest in assets pertaining to highways and associated infrastructure.
Infrastructure Investment Trust (InvIT) is an instrument on the pattern of mutual funds, designed to pool money from investors and invest in assets that will provide cash flows over a period of time.
