The National Monetisation Pipeline (NMP)-II programme, scheduled between 2025-26 and 2029-30, is expected to accelerate the highway asset monetisation. The amount to be raised by leasing out operational and other highway networks over the next five years is Rs 3.5 trillion. This is more than double the amount targeted to be collected during NMP-I between 2020-21 and 2024-25.
Under NMP-1, around Rs 1.2 trillion has been successfully raised against the current monetisation target of Rs 1.6 trillion. The remaining funds will be mobilised in March 2025.
This monetisation will enable the Ministry of Road Transport and Highways (MoRTH) to maintain a constant pace of highway development while reducing the National Highways Authority of India’s (NHAI) burden of debt. Profits from the monetisation will be reinvested in new projects, while also making attempts to encourage private risk funding.
In March 2025, a round of toll-operate-transfer (ToT) monetisation is anticipated, with the monetisation of 11 highway stretches through the National Highways Infrastructure Trust (NHIT) for around Rs 180 billion.