The National Highways Authority of India (NHAI) has accepted a Rs. 6,220 crore offer from the National Highways Infrastructure Trust (NHIT) for monetizing two operational highway stretches.
The move advances NHAI’s infrastructure asset-recycling programme. The transaction forms part of the fifth bundle under the InvIT route and is expected to be completed by March 2026.
The network spans 311 kilometers throughout Maharashtra and Andhra Pradesh. The package comprises two road sections: a 256.7 km stretch of Amravati-Chikhali-Tarsod in Maharashtra and a 54.38 km six-lane route of Gundugolanu-Chinna Avutapalli-Vijayawada in Andhra Pradesh.
The agreement will help NHIT acquire tolling rights for a 20-year term, enabling the company to generate consistent revenues.
The trust will raise funds for its acquisition expenses through bank loans and sales of institutional equity. The trust will finance the acquisition through a combination of bank debt and equity units to be issued to institutional investors and NHAI.
The structure allows the authority retain overall public ownership of the highway network while unlocking value from completed assets.
The latest round is part of NHAI’s strategy to deleverage its balance sheet and recycle capital into greenfield highway development. Through four earlier InvIT rounds, the authority has monetized 2,345km of road assets and raised more than Rs. 43,000 crore, strengthening its funding base for ongoing and upcoming projects.
The move aligns with the Center’s broader push to finance infrastructure through asset monetization instead of conventional borrowing. By transferring revenue rights to long-term investors, NHAI is creating a sustainable funding pipeline for the National Infrastructure Pipeline and future expressway expansion.
The successful bid shows that investors still find operational road assets that generate steady traffic and whose toll revenues use indexing to be valuable. The upcoming bundle releases have established InvIT-led monetisation as a crucial element in India’s highway financing framework.