NHAI seeks to raise ₹85,000 crore via asset monetization by FY25

The National Highways Authority of India (NHAI) is set to raise more than ₹85,000 crore by fiscal year 2025 through the toll-operate-transfer (ToT) model and infrastructure investment trusts (InvITs), Union minister of road transport and highways Nitin Gadkari said.

Under the ToT model, long-term concessions for collecting toll revenues are auctioned to the highest bidder, while InvITs are investment schemes similar to a mutual fund that allow investment from individuals and institutional investors in infrastructure projects to earn a portion of the income as return. These models are more attractive for investors as they don’t have to build an infrastructure project from scratch.

NHAI will rely on monetizing assets as a source of funds in the coming years and the need to build national highways will reduce with the completion of the government’s ambitious Bharatmala road project, Gadkari said in an interview on Thursday.