TIL Desk/Business/New Delhi-Government today approved a proposal to monetize public-funded national highway projects, a move that can garner about Rs 1 lakh crore. “The Cabinet Committee on Economic Affairs has authorised National Highways Authority of India to monetize the public funded highway projects which could result in funds in the range of Rs 80,000 to Rs 1 lakh crore initially,” Road Transport and Highways Minister Nitin Gadkari told.
Around 75 operational NH projects completed under public funding have been preliminarily identified for potential monetization using the toll operate transfer (TOT) Model, the Minister said. The Minister said the corpus generated from proceeds of such project monetization could be utilised by the government to meet its fund requirements regarding future development and operation and maintenance of highways in the country and could address development/strengthening of highways in unviable geographies.
