The government could increase £35,000-40,000 crore in 2025-26 by timely monetization of road assets identified by the Indian National Motorway Office (NHAI), according to the ICRA rating agency.
This is higher than the budget to monetize £30 000 crore for contemporary fiscal and healthy improvement from £24,399 Crore was monetized in 2024-25.
ICRA projections are based on a mean of 0.62x, which can be seen on 10 award-winning volumes (Toll-Operate-Transfer) Nhai in the last three years.
Nhai identified the robust piping of projects set aside for monetization, which includes the estimated completion of five total volumes with already launched offers. In addition, it allocated the transfer of project sections to infrastructure investment trust (invidite) established by Nhai.
“Nhai mostly used two mechanisms of sweeping of assets, namely Tot and Evit, since 2018-19. The Office successfully increased £92 633 Crore through these channels until 2024-25. The method gene was generated by 53% of the overall Nhai monetization during FY19-FY25. Invit, presented in FY22, has recorded its stake in the last two years, ”said Vinay Kumar G., head of the sector, corporate evaluation, ICRA.
“Since the FY23 began to release the annual lists of assets intended for monetization. Between FY23 and FY25, approximately 7,000 km for monetization, of which about 2,000 km have been completed so far, and it was available for being available during the sales and was available, and Available, which was available, and it was available, and it was available, and it was available, and it was available, and it was available, and it was available, and it was available, and it was available, and it was available. which were available, and it was available for available during the sale that was offered to be available during this sales, ”he added.
ICRA analysis suggests that a multiple of valuation has changed between 0.46 and 0.93x in 10 award -winning total bundles in the last three years, with a medium multiple multiple multiple. The average period of the concession was 20 years and the record for toll collection for basic assets varied over 4-15 years (median 10 years).
Based on this multiple, monetization of existing identified assets, along with volumes and assets identified in 2025-26, could potentially earn the proceeds of monetization from monetization from £35,000-40,000 crore, with its total monetization from the beginning £1.3 trillion.
“The national pipe of monetization has set the goal approximately. £53 366 Crore with a total monetible length of 8,894 km for 2024-25, while budget 2024-25 assumed a lower number £30 000 crore. Nhai generated from this amount £6 661 crore by monetizing the total bundle of Tot 16 (252 km) and £17 738 Crore through the fourth round of the transfer of asset invitation at the invitation of Nhai (821 km) dedicated to £24 399 Crore in yield and cumulative length of 1,073 km in 2024-25, ”Kumar said.
“Postponing prizes under packages Tot 15, 17, 18 and 19 led to a slip against the previous estimate of ICRA £37,000-40,000 crore for 2024-25, ”he added.
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