New Delhi: National Highways Infra Trust today announced that it will have 1500 km of operational road assets, nearly 1.5 times more than it does over the next three years. Currently, the trust manages 636 km of operational national highways across eight sections, and over the next three years, it will manage 1500 km.
The trust is launching a Rs 1500 crores Non-Convertible Debenture (NCD) issue next week as the National Highways Authority plans to contribute 27 per cent of the total share to centre’s Rs 6 lakh crore national asset monetization plans.
In the first teanche of asset monetization, NHAI will allocate five operational roads to the trust running into 389 km Abu Road Swaroopganj section, Chittorgarh-Kota and Chittorgarh Bypass section, Karnataka border to Belgaum section and Palanpur Abu Road section. Later in June, in the second tranche, three more assets running 247 km across Telangana, Jhansi, and Agra will be given for 20 years at a concession of Rs 2850 crores.