MoRTH-NHAI’s Total Asset Monetization Program has crossed Rs.1 lakh crore
NHAI has raised the highest ever concession value of Rs.15,624.90 crore through ’InvIT Round-3’ by monetizing 10 stretches with the aggregate length of about 890 km.
NHAI is adopting three modes for monetizing, i.e. Toll Operate Transfer (TOT), InvIT and Securitization, the Ministry of Road Transport and Highways said on 8 Feb 2024, announcing the latest money raised.
During this financial year, NHAI has already awarded four TOT Bundles and monetized value of Rs.15,968 crore.
The success rate in TOT mode during FY24 was 100%.
Earlier, under TOT Mode, NHAI has successfully monetized 6 rounds (1,614 km), realized Rs.26,366 crore and two rounds of InvIT (635 km), realized Rs.10,200 crore.
Further, NHAI is likely to raise about Rs.5,000 crore by end of FY24 through Securitization, having raised about Rs.37,000 crore till now.
With this, MoRTH and NHAI’s Total Asset Monetization Program has crossed Rs.1 Lakh crore (Rs.42,334 crore through TOT, Rs.26,125 crore through InvIT and Rs.42,000 crore through Securitization).
“This is in line with Government’s vision under the National Monetization Plan as well as fulfilment of the Budgetary announcements,” the Ministry said. fiinews.com
