• UGI USER
  • Jun 12, 2024
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“NHAI’S AMBITIOUS ₹20,000 CRORE HIGHWAY MONETIZATION PLAN FOR FY25”

Why in the news?

  • NHAI plans to raise ₹20,000 crore through NHIT in FY25 via highway monetization, targeting a higher amount than the previous year’s ₹15,700 crore, focusing on InvITs and ToT routes.
  • This move is part of NHAI’s strategy to monetize road assets, with identified stretches having a potential of ₹53,000-60,000 crore, contributing significantly to the National Monetisation Pipeline.
source:moneyworks

National Highways Authority of India (NHAI):

  • Statutory Authority: Established under the National Highways Authority of India Act, 1998.
  • Operational Date: Made operational in February 1995.
  • Location: Headquartered in New Delhi, India.
  • Infrastructure Development: Responsible for developing, maintaining, and managing National Highways in India.
  • Administrative Control: Falls under the Ministry of Road Transport and Highways.
About Infrastructure Investment Trust (InvIT):

  • Collective Investment Scheme akin to mutual funds, allowing direct investment in infrastructure projects.
  • Structure: Similar to mutual funds, established as a trust and registered with SEBI.
  • Parties Involved: Includes Trustee, Sponsor(s), Investment Manager, and Project Manager.
  • Responsibilities: Trustee overseas InvIT performance, sponsors are promoters, and managers handle investments and projects.
  • NHAI InvIT: Sponsored by NHAI to support National Monetisation Pipeline, established under Indian Trusts Act and SEBI regulations.

Associated Article:

https://universalinstitutions.com/sc-allows-nhai-projects-to-proceed-despite-environmental-clearance-order/

https://universalinstitutions.com/nhai-invites-bids-for-satellite-based-toll-collection-system-implementation/