NHAI Monetises Highway Assets Across Four States Through Public InvIT

The National Highways Authority of India has monetised several operational highway stretches across Jharkhand, Andhra Pradesh, Tamil Nadu and Karnataka through its Public Infrastructure Investment Trust framework. The move marks another significant step in the government’s strategy to unlock value from brownfield assets while accelerating fresh infrastructure development.

According to NHAI, the assets include the Gorhar Barwa Adda stretch in Jharkhand, the Chilakaluripet Vijayawada section in Andhra Pradesh, the Chennai Bypass and Chennai Tada section in Tamil Nadu, and the Neelmangla Tumkur stretch in Karnataka. These corridors are already operational and revenue generating, making them suitable for monetisation under the InvIT model.

The Public InvIT route enables NHAI to transfer completed highway assets to a trust structure while retaining long term oversight through structured concession agreements. Officials said this framework not only strengthens capital recycling but also allows retail and institutional investors to participate in infrastructure ownership with access to stable and predictable returns linked to operational national highways.

The authority noted that the transaction is aligned with the Government of India’s National Monetisation Pipeline. By monetising mature assets, NHAI is able to redeploy capital into new highway construction projects, reduce reliance on conventional debt and maintain momentum in road development targets.

NHAI Chairman stated that the InvIT mechanism enhances public participation in nation building assets while ensuring that performance and maintenance standards remain intact. The monetised stretches will continue to operate under established contractual benchmarks.

Looking ahead, NHAI plans to offer additional highway assets spanning nearly 1500 kilometres to Raajmarg Infra Investment Trust over the next three to five years. The continued asset recycling strategy signals a sustained push to strengthen infrastructure financing as India advances its ambitious highway expansion programme.