NHAI raises ₹6.3k crore from NCR e-way monetisation

NEW DELHI: National Highways Authority of India (NHAI) has raised Rs 6,267 crore from monetisation of the Eastern Peripheral Expressway (EPE), half of the new ring road around the National Capital Region, marking the largest such mop-up by the government agency from a single project. With this transaction, NHAI has raised around Rs 11,000 crore through the monetising process so far this fiscal, which is a little over half the Rs 20,000 crore target for the road sector during 2022-23.

Indian Highway Concession Trust, a joint venture of Maple Highways, a private company incorporated in Singapore, and Canadian pension fund, CDPQ, has bagged the project under the toll, operate and transfer (TOT) model. The 135km expressway, developed as a bypass for Delhi, is the country’s first greenfield expressway built by the government. The project was completed in 2018 after delays of several years with total investment of over Rs 12,000 crore.