NHAI, SBI in talks to monetise highways
NHAI, SBI in talks to monetise highways
The National Highways Authority of India (NHAI) is in talks with State Bank of India to monetise road projects with high traffic density as it explores different modes to meet its Rs 75,000-crore funding requirement for the current fiscal. According to an official.
It is like toll securitisation, the official said.
“The only difference is in TOT (toll-operate-transfer) — we are giving it to funds with maintenance and toll collection obligation. SBI, being a bank, will be giving loan to NHAI, which will be paid back through a special purpose vehicle (SPV), or through specific project requirements,” the official said.
Last week, road transport and highways minister Nitin Gadkari said he was in talks with a “big bank” to monetise around 50 projects of NHAI to raise Rs 50,000 crore. He, however, did not reveal the details
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01-2026
