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The National Highways Authority of India's Infrastructure Investment Trust plans to raise INR 2,000-3,000 crore through bonds for highway acquisitions. This follows NHIT's INR 1,500 crore bond issue in October 2022. NHIT aims to acquire road assets worth INR 15,000-20,000 crore in 2024-25, building on its INR 16,200 crore acquisition last year. The trust now manages 15 toll roads spanning 1,525 km across nine states. NHAI has identified 33 road stretches totalling 2,741 km for monetisation in 2024-25, with a potential value of INR 53,000-60,000 crore according to Icra. This initiative underscores India's ongoing focus on infrastructure development and efficient asset management.
The National Highways Authority of India (NHAI)-sponsored Infrastructure Investment Trust is planning to raise funds through another bond issue in the current financial year. This initiative aims to acquire functional highways. While the exact size of the bond issue is yet to be determined, it is expected to range between INR 2,000 crore and INR 3,000 crore, according to a senior official. This amount would be twice the INR 1,500 crore raised by National Highways Infrastructure Trust (NHIT) in October 2022, which marked its first public debt fundraising for the asset monetisation programme. Advertisement
In the previous year, due to delays in finalising highway assets for acquisition, the debt portion was raised from banks and institutions instead of through a public bond issue. For the 2024-25 financial year, NHIT aims to acquire road assets valued between INR 15,000 crore and INR 20,000 crore.
During the last financial year, NHIT acquired road assets worth INR 16,200 crore under the national monetisation pipeline. This acquisition increased NHIT's portfolio to 15 toll roads, covering 1,525 km across nine states. These roads have concession periods ranging from 20 to 30 years. For the 2024-25 financial year, NHAI has identified 33 road stretches for monetisation through toll operate transfer (ToT) and Infrastructure Investment Trust (InvIT) models. These stretches total 2,741 km and are spread across India.
According to Icra, these identified stretches have a monetisation potential of INR 53,000-60,000 crore. The continued focus on infrastructure investment and monetisation of road assets highlights the government's commitment to developing and maintaining the country's highway network. This strategy not only helps in raising funds for new projects but also ensures efficient management of existing road infrastructure.
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