Under the ambitious national asset monetization project, Centre has identified Ten-National Highways passing through Karnataka for its infrastructure assets monetisation plan, which was unveiled on Monday.
The stretches included – Belagavi to Maharashtra/Karnataka boarder of 78 Km and Belagavi to Hirebagewadi of 22 km will be monetised over FY 2022-2025.
The Union Ministry of Road Transport and Highways and the National Highways Authority of India (NHAI) will implement the road assets monetisation. Niti Aayog https://www.niti.gov.in/ CEO Amitabh Kant was quoted in a PTI report.
Saying the road asset monetisation’s potential models would be Toll Operate Transfer (ToT) and Infrastructure Investment Trust (InvIT). The Toll Operate Transfer is one of the main models for monetization, employed successfully in the road sector both by state as well as central entities.
The TOT concession framework was introduced by MoRTH in the year 2016 for road assets’ monetisation, by the highway authority to long-term investors. The Toll Operate Transfer model mainly entails securitisation of the toll receivables by taking an upfront concession fee from the selected bidder and determined through a transparent competitive bidding process.
Total 10 Highway-Stretches in Karnataka :
- Belagavi-Maharashtra Border(78km)
- Belagavi-Hirebagewadi (22km)
- Hyderabad-Bengaluru (251km)
- Devanahalli-AP (72km)
- Nandi Hill crossing and Devanahalli to Meenu village (61km)
- 6-lane Bengaluru-Hosur section of NH-7(14km)
- Hyderabad-Bengaluru (75km)
- Hadadi–Devgiri (80km)
- Hadadi–Doddasiddavvanahalli (71km)
- Gabbur-Devgiri (64km)