The National Highways Authority of India (NHAI) has prepared a list of the highway stretches for monetisation with Haryana accounting for the highest number of assets followed by Uttar Pradesh.
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Asset monetisation will be through a combination of public and private infrastructure investment trusts (InvIT) and toll-operate-transfer (TOT) route.
“This year’s monetisation will have two built-operate-transfer (BOT) projects, and seven engineering procurement and construction (EPC) projects,” said a government official, adding that preference is to monetise hybrid annuity model assets as capex risk is comparatively lower vis-a-vis other project types.
The move comes close on the heels of the government allowing sovereign wealth funds and pension funds to directly invest in greenfield toll-road projects.
FY26 Receipts at Rs 29kcrMonetisation receipts for the government from the road ministry stood at Rs 29,000 crore in 2025-26.
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The ministry’s maiden public InvIT fetched over Rs 9,000 crore through monetisation of five highway sections spanning over 260 km across four states earlier this year.
Over the next three to five years, the plan is to introduce an additional 1,500 km of completed and operational national highways into public InvIT, to enable recycling of assets and generate additional revenue for national highways development in the country.
As per the National Monetisation Pipeline (NMP) 2.0, unveiled in February, the total monetisation value for the highway sector has been pegged at Rs 4.42 lakh crore for a five-year period from FY26 to FY30 with monetisation of assets in FY27 expected to fetch ₹68,770 crore.
A big variation from NMP1.0 is that even the build-operate-transfer projects bid out in the current financial year will be included under monetisation.