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The National Highways Authority of India has accepted an offer of INR 9,500 crore from Raajmarg Infra Investment Trust for the monetisation of five operational highway sections spanning 260 km across four states. The transaction forms part of NHAI's ongoing asset monetisation programme under the National Monetisation Pipeline. The highways are located in Jharkhand, Andhra Pradesh, Tamil Nadu and Karnataka and include key freight and urban corridors. NHAI has indicated that the Public InvIT structure allows retail investors to participate in revenue-generating infrastructure assets while enabling the authority to recycle capital into new projects. Further asset transfers to the InvIT are planned over the medium term.
The National Highways Authority of India (NHAI) said earlier this week that it has accepted Raajmarg Infra Investment Trust's offer of INR 9,500 crore for the asset monetisation of five highway sections with a combined length of around 260 km. The monetised assets are spread across four states, reflecting a geographically diversified portfolio of operational road infrastructure. Advertisement
According to NHAI, the assets include the 80.52-km Gorhar Barwa Adda stretch in Jharkhand, the 69.4-km Chilakaluripet Vijayawada section in Andhra Pradesh, the 32.6-km Chennai Bypass and the 33-km Chennai Tada section in Tamil Nadu, as well as the 44.6-km Neelmangla Tumkur stretch in Karnataka.
The transaction has been executed through NHAI's Public Infrastructure Investment Trust (InvIT) framework, which allows the authority to monetise completed and revenue-generating highway assets while retaining long-term oversight through structured concessions. NHAI officials stated that the model also provides retail investors with access to stable, annuity-like returns linked to operational national highways.
The authority noted that the asset monetisation aligns with the Government of India's National Monetisation Pipeline, which aims to unlock value from brownfield infrastructure assets and redeploy capital into new infrastructure creation. By transferring operational assets to InvITs, NHAI is able to reduce its reliance on traditional debt while accelerating highway development.
NHAI's chairman indicated that the Public InvIT route not only facilitates private and retail participation in infrastructure ownership but also strengthens public engagement with national development assets. The authority emphasised that the monetised stretches continue to operate under established performance and maintenance standards.
Looking ahead, NHAI plans to offer additional highway assets totalling around 1,500 km to Raajmarg Infra Investment Trust over the next three to five years. The move signals a sustained push towards asset recycling as a core financing strategy, particularly as highway construction targets remain elevated and capital requirements continue to rise.
Source - PTI
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