The National Highway Authority of India (NHAI) surpassed the yearly target for national highways infrastructure construction by nine per cent in 2024-25, the Ministry of Road Transport & Highways said on Wednesday.
Accordingly, the state-run developer constructed 5,614 km of national highway infrastructure against the target of 5,150 km for the year.
Besides, NHAI’s capital expenditure during FY25 for national highways infrastructure development reached an all-time high of over ₹2,50,000 crore (provisional) against a target expenditure of ₹2,40,000 crore.
The state-run developer’s record highest capital expenditure in a financial year included both government budgetary support and its own resources.
“The overall capital expenditure increased by around 21 per cent as compared to ₹2,07,000 crore in previous FY 2023-24 and by around 45 per cent as compared to ₹1,73,000 crore in FY 2022-23,” the ministry said in a statement.
“During FY 24-25, NHAI leveraged three modes for monetisation, that included ‘Toll Operate Transfer’ (TOT), ‘Infrastructure Investment Trust’ (InvIT), and ‘Toll Securitisation’.”
In addition, NHAI said that during the financial year under review, it monetised assets worth ₹28,724 crore.
“This includes NHAI’s highest ever single round ‘InvIT’ receipt worth ₹17,738 crore,” the ministry said.