The Indian government aims to generate revenue of around $24.1 billion by monetising highways in the coming years, according to rating agency CareEdge. The plan involves building thousands of kilometers of new roads annually and using an Infrastructure Investment Trust (InvIT) or a toll-operate-transfer (TOT) model to generate revenue from these assets.
National Highways Authority Of India: The Indian government aims to generate revenue of around $24.1 billion by monetising highways in the coming years, according to rating agency CareEdge. The plan involves building thousands of kilometers of new roads annually and using an Infrastructure Investment Trust (InvIT) or a toll-operate-transfer (TOT) model to generate revenue from these assets.
The news follows up on reports from April this year that Mukesh Ambani's flagship company Reliance Industries Limited was gearing up to monetise retail warehousing assets with a $2.4-3 billion InvIT.
On the regulatory reform path financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Investcorp doubles down on NDR Warehousing, signs larger cheque vccircle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vccircle.com Daily Mail and Mail on Sunday newspapers.