The National Highways Authority of India (NHAI) has approved a package that would offer stretches of highway to concessionaires for as low as INR 1,500 crore ($197.9 million), as part of a strategy to monetize its operating assets.
NHAI operates under a toll-operate-transfer model to monetize its assets, giving long-term tolling rights to concessionaires against a lump sum payment, according to Economic Times India.
In September 2019, NHAI announced it was considering new ways to boost transportation projects in the country over the next several years. NHAI is targeting INR 85,000 crore ($11.2 billion) by 2025 by monetizing projects after two years of operation and build-operate-transfer projects after their concessions are completed.
