New Delhi, February 17 NHAI has accepted the National Highways Infra Trust's offer of ₹6,220.90 crore for the monetization of two highway sections of 310 kilometers.
Asset monetization has emerged as a strategic tool in NHAI's efforts to unlock the value of existing assets and attract private sector investment.
By leveraging models such as Toll-Operate-Transfer (ToT) and Infrastructure Investment Trusts (InvIT), NHAI has successfully generated funds, which are being reinvested into new National Highway projects. The total National Highways assets monetized during the current financial year are around ₹28,077 crore.
The latest monetized assets span over two states, namely Maharashtra and Andhra Pradesh, an official statement said.
"NHAI has accepted the offer of ‘National Highways Infra Trust’ (NHIT) amounting to ₹6,220.90 crore towards asset monetization of two National Highway sections spanning over 310.35 km across two states," the Union Ministry of Road Transport & Highways said on Monday.
The assets are the 255.97 km long Amravati–Chikhali–Tarsod section of NH-53 in Maharashtra and the 54.38 km long Gundugolanu- Chinna – Avutapalli section of NH-16 in Andhra Pradesh.
NHAI Chairman Santosh Kumar Yadav said, "InvIT is playing a critical role in channeling financial capital for further development of the National Highway network across the country. With this award, the total assets monetized through NHIT will be ₹49,858 crore.
NHIT, an INVIT sponsored by NHAI, has to date raised 4 rounds of capital with marquee investors like CPPIB, OTPP, EPFO, NHAI and SBI group. With more than 700 investors, the current market capitalization of the units of NHIT stands at approximately ₹28,000 crore. NHIT units are listed on both the National Stock Exchange and the Bombay Stock Exchange.