NHAI chairperson Alka Upadhyaya said with the success of NHAI InvIT, the state-owned agency has continued to deliver on its commitments under the National Monetisation Pipeline (NMP)
The NHAI is optimistic about meeting the asset monetisation target of Rs 20,000 crore in the current fiscal amid ongoing economic uncertainties and geo-political instability, a top official said.
The NHAI awarded projects for a total length of 6,306 kilometres in the last financial year, while the agency constructed 4,325 kilometres of highways, an official statement said on Friday
Higher interest rates and stiff competition could further weigh on their share prices
Recognising the huge debt burden of NHAI at Rs 3.38 trillion, the finance ministry has given it nil space to borrow any more in the FY23 Budget
The Hybrid Annuity Model is expected to account for half of the projects
The Road Transport and Highways minister further said that subsequently, more national highways will be added to the InvIT portfolio.
Govt plan to raise Rs 6 trillion by offering roads, railway stations, airports and other assets could be hard to achieve
The road ministry and the NHAI have finalised the proposal after some investors approached them to allow them a board seat on the SPV concerned
It is learnt that the replacement is being done after several considerations, including keeping the financial aspect of the project in mind
In the future, the authority plans to offer 19 projects worth Rs 35,000 crore under the InvIT model
Construction target for the year roughly translates into 12-13 km a day
No credible signs yet of the viability of long-term infrastructure lending in India
A similar proposal is being considered for other infrastructure assets with other government departments
NHAI has rechristened Cochin Port Road Private Ltd as National Highways Logistics Management Company to oversee multimodal logistics parks and port connectivity projects
Value capture finance or VCF is a type of public financing that recovers some or all of the value that public infrastructure generates for private landowners
With an average speed of 29.81 km per day, the construction of national highways during 2020-2021 has been the highest ever in the last five years despite the Covid-19 crisis and months of lockdown.
Its recent experience offers crucial insights into what makes an asset monetisation exercise successful
May borrow Rs 9,000 cr this year even as it has offers of Rs 29,000 cr
At the heart of his criticism is the delay in decision making and a lack of monitoring. Some officials, however, blamed the delays on overambitious contractors