HIGHWAY PROJECTS WORTH RS 8,000 CRORE TO BE MONETISED VIA INVIT IN SIX MONTHS
News: The government plans to monetise an additional 500 km of completed highway projects worth Rs 8,000 crore through InvIT route over the next six months. While the first bundle of ~ 250 km has already been approved for transfer to the NHAI InvIT, the next batch of ~ 250 km of completed road assets worth Rs 4,000 crore would be offered to the InvIT around October-November.
Views: In October, the government monetised a road bundle of 390 km by transferring it to NHAI's InvIT. So far, NHAI has raised ~ Rs 7,000-8,000 crore through this route. Monetisation of completed road assets is likely to aid NHAI's construction and awarding activity while reducing dependency on external debts.
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