Cabinet Authorises NHAI To Set Up Invite To Monetise Highway Projects
The Union Cabinet on Wednesday gave its approval to National Highways Authority of India (NHAI) to set up infrastructure investment trusts (InvITs) to monetize highway assets.
Given the magnitude of the Bharatmala program, NHAI would need adequate funds to complete the projects within the prescribed timelines.
NHAI will rely on monetizing assets as a source of funds in the coming years. The highways authority plans to raise more than ₹85,000 crore by fiscal year 2025 through the toll-operate-transfer (ToT) model and infrastructure investment trusts (InvITs).
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