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Rs 35,000 Cr to be raised by MoRTH

Rs 35,000 cr through asset monetisation in FY23

According to an MoRTH official, it has already raised Rs 67,997 crore in the last four years through various modes of asset monetization till February 28, 2023.

The Ministry of Road Transport and Highways (MORTH) plans to raise Rs 35,000 crore this financial year through various asset monetization methods against a target of Rs 32,855 crore in the last fiscal, a senior government official said on Sunday.

MoRTH is currently monetizing its assets through three different modes namely toll-operate-transfer (TOT) model, infrastructure investment trust (InvIT) and project finance to provide opportunity to all categories of investors to invest in highway related assets. and related infrastructure.

Infrastructure Investment Trust (InvIT) is an instrument based on the model of mutual funds, designed to pool money from investors and invest in assets that provide cash flows over a period of time.

Elaborating further, an official told PTI that while Rs 15,000 crore is planned to be raised in 2023-24 through project finance for high-speed corridors by securitizing future toll revenues without any guidance from the authority, Rs 10,000 crore is planned to be raised. raised through InvIT.

He also said that MoRTH plans to raise Rs 10,000 crore in 2023-24 through ToT.

According to an MoRTH official, it has already raised Rs 67,997 crore in the last four years through various modes of asset monetization till February 28, 2023.

He said that monetization of 1,614 km till date through ToT has raised Rs 26,366 crore, of which Rs 3,144 crore has been collected in FY 2022-23 till February 2023, while bids have been invited for two more ToT packages vide Package 11 and 12 totaling Rs.7,000 crore.

These are likely to be awarded in July 2023, the official added.

He also said that so far Rs 10,200 crore has been collected through NHAI‘s InvIT listings of 635 km in Phase I and II.

Of this, Rs 2,850 crore has been collected in FY 2022-23 till February 28, 2023, while InvIT Phase III is to be awarded in April 2023 for a total of Rs 10,000 crore.

The official said that till date Rs 31,321 crore has been realized through project finance for the Delhi-Mumbai expressway, of which Rs 7,584 crore has been collected in the fiscal year 2022-23 till February 2023.

 

The article is published by an anonymous reporter, theMSMEworld is not claiming the above facts

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