Government hoping to earn Rs 6 crore per km from monetisation of completed national highways | India News

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NEW DELHI: The government has estimated upfront earning of Rs 6 crore per km of completed national highways, which will be monetised starting this financial year. To begin with, it has identified 104 major government-funded highway stretches with a cumulative length of 6,800 km for monetisation. These include the 135-km Eastern Peripheral Expressway built to decongest Delhi, 145 km stretch of Panipat-Jalandhar, longest road tunnel connecting Chenani with Nashri in Jammu and Kashmir, 59 km of Bhubaneswar-Puri NH stretch and the 326-km Hyderabad-Bengaluru corridor.
According to the National Monetisation Pipeline (NMP) that was launched on Monday, the government has set the target for monetising railway assets including 400 railway stations, 90 passenger trains, 1,400 km of railway track, 265 good sheds owned by the national transporter, 637 km of Dedicated Freight Corridor (DFC) and allied infrastructure. It also plans to monetise 15 railway stadiums and some residential colonies on railway land.
While it’s estimated that the National Highways Authority of India (NHAI) will monetise 26,700 km of completed NHs by 2025 to generate Rs 1.6 lakh crore revenue for the government, the railways will generate around Rs 1.52 lakh crore in the next four years by monetising its assets.
On the roadmap for monetising NHs, the report said as of March 2020, the length of toll roads under public-funded and annuity mode is around 16,387 km. “Based on the past trend in the pace of award and construction, it is estimated that NHAI every year is incrementally adding a minimum of 2,000–3,000 km of monetisable toll roads to its asset base,” the report said.
For the NMP, only the NH network of four-lane and above configuration, where NHAI reserves tolling rights, has been considered. The NHAI has been monetising its assets since 2017 when it bid out the first bundle of completed stretches under the Toll Operate and Transfer (TOT) mode. The NHAI will monetise the completed NH stretches on TOT mode and Infrastructure Investment Funds (InvIT).
So far as the monetisation of railway assets is concerned, the report said railways would monetise 40 stations during 2021-22 and 120 each in the next three financial years to generate Rs 76,250 crore by 2025. Similarly, it’s estimated that the revenue generated from the monetisation of 90 passenger trains would be around Rs 21,642 crore. The third highest revenue of Rs 20,178 crore is estimated to come from the monetisation of DFC.

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