New Delhi: The National Highways Authority of India (NHAI) has set a new milestone by raising the highest-ever concession value of Rs. 15,624.90 Crore through the third round of InvIT (Infrastructure Investment Trust). This achievement comes as NHAI successfully monetized 10 stretches covering approximately 890 km.
The Letter of Acceptance (LOA) for this monumental feat was issued within an impressive two hours of the bid opening, showcasing the efficiency of NHAI’s processes and the robust response from investors.
NHAI has been utilizing various modes for monetization, including Toll Operate Transfer (TOT), InvIT, and Securitization. In the current financial year, NHAI has already awarded four TOT Bundles, resulting in a monetized value of Rs. 15,968 Crore. The success rate in the TOT mode during the fiscal year 2023-24 has been an outstanding 100%, with LOAs issued within one day of the financial bid opening.
In the past, NHAI has achieved success through various monetization modes. Under the TOT mode, six rounds covering 1,614 km have been successfully monetized, realizing Rs. 26,366 Crore. Additionally, two rounds of InvIT covering 635 km have yielded Rs. 10,200 Crore. Through Securitization, NHAI has raised about Rs. 37,000 Crore to date, with expectations of raising an additional Rs. 5,000 Crore by the end of the current financial year.
The cumulative achievement of NHAI and the Ministry of Road Transport and Highways (MoRTH) in the Total Asset Monetization Program has surpassed Rs. 1 Lakh Crore. This comprises Rs. 42,334 Crore through TOT, Rs. 26,125 Crore through InvIT, and Rs. 42,000 Crore through Securitization. The record-breaking figures highlight the successful implementation of innovative monetization strategies, further contributing to the development of India’s infrastructure.