THE NATIONAL HIGHWAYS Authority of India (NHAI) has drawn up an ambitious plan to monetise 46 operational highway stretches of a total length of 2,612 kilometres in the current financial year to beef up resources for its road building programme.The pipeline of projects that have been identified for monetisation in 2023-24 could be valued at around ₹60,000 crore.
This will be the highest ever mop-up by NHAI via this route, and nearly three-and-half times the funds raised in FY23.The aggressive target signals its intent to pare its high debt, and reduce the increasing reliance on Budget funds to the extent possible.
Earlier, NHAI had identified 30 highway stretches of 1,987 km length for monetisation for 2023-24 with a mop-up-target of 45,000 crore, but the list has now been expanded, by adding 16 more stretches.
This story is from the May 27, 2023 edition of Financial Express Mumbai.
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This story is from the May 27, 2023 edition of Financial Express Mumbai.
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