The National Highways Authority of India (NHAI) is in talks with the State Bank of India to securitise a part of its toll receipts for raising funds. The Cabinet had, in November, given the authority its nod to raise funds through the process.
Proceeds from asset monetisation of this kind will help the authority mobilise funds for development and maintenance of highways. Sources said the NHAI held a couple of meetings with senior bank officials. The bank will hold a meeting internally, and is expected to revert to the highways authority soon. NHAI currently monetises public-funded highway stretches through toll-operate-transfer mode. It has plans to launch the Infrastructure Investment Trust (InvIT) route by April next fiscal year.
