The National Highway Authority of India (NHAI) plans to monetize road assets by auctioning a 300km stretch under the toll-operate-transfer (TOT) model.

The roads under ToT 13 and 14 bundles include 28 km long Kota Bypass (NH-76) and 81 km long Gwalior-Jhansi (NH-75) under ToT 13; as well as the 60 km long Delhi-Meerut highway (NH-334 DME), 51 km long Delhi-Hapur section (NH-24 and part of DME) and 79 km long Binjabahal-Teleibani road (NH-6). The estimated value is in the range of Rs 6000-7000 crore. Bids for these routes are expected in September 2023.

While NHAI is currently evaluating bids for ToT 11 &12 bundles, bids for NH-26's 361km Lalitpur-Lakhnadon section in Madhya Pradesh and the 82km Allahabad Bypass were submitted in June 2023.

Of the six-lakh crore National Monetization Pipeline (NMP) of FY2022-25, road asset monetization has been estimated at Rs 60 lakh crore. In particular, NHAI has been mandated to raise Rs 43,979 crore from monetizing assets during FY24.

Canadian fund CDPQ, KKR, Cube Highways and IRB Infrastructure Developers have expressed interest in NHAI acquiring 361km highway assets under ToT 12 auction. The NHAI has awarded six TOT bundles to date, namely TOT-1, 3, 5A1, 5A2, 7 and 9.