The government has raised Rs 1,42,758 crore through different modes of asset monetisation up to FY25, Parliament was informed on Thursday. Union Road Transport and Highways Minister Nitin Gadkari, in a written reply to the Lok Sabha, said the projected financial contribution of asset monetisation for the current fiscal year is Rs 30,000 crore.
The government monetises highway assets through three modes – Toll Operate & Transfer (ToT), Infrastructure Investment Trust (InvIT) and Securitization (Project based financing through SPV).
Responding to another question, Gadkari said since the inception of the Cashless Treatment of Road Accident Victims Scheme, 2025, a pilot programme in six states and union territories, with effect from March 2024, 4,971 road accident victims have been treated till July 31, 2025. Cashless Treatment of Road Accident Victims Scheme, 2025 has been notified on a pan-India basis.
Under this scheme, any person who is a victim of road accident caused by the use of a motor vehicle shall be entitled to treatment cover up to Rs 1.5 lakh per victim, subject to a maximum cap of seven days from the date of accident, at any designated hospital across the country.
Under ToT Mode, open market bids are invited. Road stretches are awarded for a concession period (15-30 years) to the highest bidder, which must be above the reserve price. The National Highways Authority of India (NHAI) has formed the National Highways Infra Trust (NHIT) and offers stretches to NHIT for 15-30 years of concession period to obtain their highest valuation. NHIT's offer price is compared with the reserve price. NHIT in turn raises money through bonds and discovers the best price through sale of units on SEBI platform.
Under securitisation Mode, NHAI has been authorised to raise long-term finance from banks and by issuing bonds by securitizing user fee receipts from toll plazas on the Delhi-Mumbai expressway as an alternative mode of asset monetisation, through a Special Purpose Vehicle.
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