The Ministry of Road Transport and Highways (MoRTH) has raised a staggering Rs 40,314 crore through various asset monetization avenues, surpassing the earlier set target.
In contrast to the targeted Rs 28,968 crore, MoRTH’s achievement highlights a significant surplus in revenue generation. The funds were acquired through diverse channels, including the monetization of toll-operate-transfer (TOT) bundles, Infrastructure Investment Trust (InvIT), and securitization, amounting to Rs 15,968 crore, Rs 15,700 crore, and Rs 8,646 crore, respectively.
The official further elaborated that MoRTH’s total asset monetization initiative has now surpassed Rs 1 lakh crore. The ministry’s strategy encompasses various modes, namely the toll-operate-transfer (TOT) model, Infrastructure Investment Trust (InvIT), and project-based financing, inviting participation from all investor categories keen on investing in highway-related assets and associated infrastructure.
Moreover, the fiscal year 2023-24 witnessed remarkable progress in highway construction, with the National Highways Authority of India (NHAI) accomplishing the construction of 6,644 km of national highways, marking a historic high. This achievement reflects a notable 20% increase compared to the previous fiscal year’s construction of 5,544 km and a substantial 53% rise from the construction of 4,331 km in FY 2021-22.
NHAI’s commitment to enhancing national highway infrastructure was underscored by a record-high capital expenditure of Rs 2,07,000 crore in 2023-24. This expenditure represents a commendable 20% rise from the previous fiscal year’s Rs 1,73,000 crore and a significant increase from Rs 1,72,000 crore in FY 2021-22.
MoRTH’s extraordinary achievements in asset monetization and highway infrastructure development underscore its pivotal role in driving India’s transportation sector forward.
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