Under the TOT model, highway assets are leased to private entities with the right to operate, maintain and collect tolls for 15-30 years, against a one-time, upfront concession fee paid to the government.
NHAI has identified 86 national highway stretches with an aggregate length of about 4,912 km for monetisation. Prior to Bundle 15, it had monetised five stretches (11, 12, 13, 14 and 16), and expects to award three more by the end of the current financial year.
The highway operator has a target to raise Rs 54,000 crore through monetisation of road assets in fiscal year 2025, to fund new projects and repay debt. It had total debt of around Rs 2.76 lakh crore at the end of December 2024.In September 2024, Highways Infrastructure Trust won the contract for TOT Bundle 16.
