New Delhi: In a significant milestone, the National Highways Authority of India (NHAI) has set a new record by raising the highest-ever concession value of Rs. 15,624.90 Crore through the ‘InvIT Round-3’. This achievement comes through the monetization of 10 stretches, totaling approximately 890 km. The Letter of Acceptance (LOA) was swiftly issued within two hours of the bid opening, demonstrating the efficiency of the process.
NHAI has been adopting various modes for monetization, including Toll Operate Transfer (TOT), Infrastructure Investment Trusts (InvIT), and Securitization. In the current financial year, NHAI has awarded four TOT Bundles, resulting in a monetized value of Rs. 15,968 Crore. The success rate in the TOT mode during FY24 reached an impressive 100%, with LOAs issued within one day of the financial bid opening.
Under the TOT mode, NHAI has successfully monetized six rounds covering 1614 km, realizing Rs. 26,366 Crore. Additionally, two rounds of InvIT covering 635 km have generated Rs. 10,200 Crore. Through Securitization, NHAI has raised approximately Rs. 37,000 Crore to date and is expected to raise an additional Rs. 5,000 Crore by the end of FY24.
This achievement propels the Ministry of Road Transport and Highways (MoRTH) and NHAI’s Total Asset Monetization Program past the remarkable milestone of Rs. 1 Lakh Crore. The program comprises Rs. 42,334 Crore through TOT, Rs. 26,125 Crore through InvIT, and Rs. 42,000 Crore through Securitization.
The success in asset monetization aligns with the Government of India’s vision under the National Monetization Plan and fulfills the budgetary announcements made by the Government. NHAI’s strategic approach to infrastructure financing not only ensures the efficient operation of highways but also contributes significantly to the nation’s economic growth and development.