Lok Sabha Question No. 1997 (UNSTARRED), answered on 2022-07-28
Subject: Monetisation of NHs
Ministry: ROAD TRANSPORT AND HIGHWAYS
Asked by: Hibi Eden

be pleased to state:

- (a) whether the Government has included National Highways (NHs) in its monetization plan;
- (b) if so, the details thereof along with expected realization of amount as upfront price and capital cost involved for such infrastructure along with the length of NHs, States/UT-Wise;
- (c) whether the user charges at toll gate would be levied by the private corporates and if so, the details thereof;
- (d) whether a length of 450 km NHs has been bid out through Toll Operate Transfer  (TOT)  mode  in  three  bundles  and  if  so,  the  details  thereof including reserve price; and
- (e) whether the National Highways Authority of India (NHAI) is in a debt burden and if so, the details thereof for each of the last three years and the current year along with type/nature of debt, the reasons therefor and the plan of debt servicing?

## ANSWER

## THE MINISTER OF ROAD TRANSPORT AND HIGHWAYS (SHRI NITIN JAIRAM GADKARI)

- (a)  to (b) Yes, Sir. Monetization Plan of Operational Highway stretches has the largest share of Rs.1.6 lakh crore of the total Asset Monetization Plan over a period of four years (F.Y. 2022-23 to F.Y. 2025-26) under the National Monetization Pipeline (NMP).  NMP includes 26,700 km of highways of four

## GOVERNMENT OF INDIA

## MINISTRY OF ROAD TRANSPORT AND HIGHWAYS

LOK SABHA UNSTARRED QUESTION NO. 1997 ANSWERED ON 28 th  JULY, 2022

## MONETISATION OF NHs

1997.  SHRI HIBI EDEN:

Will the Minister of ROAD TRANSPORT AND HIGHWAYS

सड़क परिवहन औि िाजमार्ग मंत्री

lanes for investors in four years under long-term lease plans that involve minimal ceding of the Government's ownership of the assets.

Technical due diligence and traffic survey study of identified NH stretches of about 5280 km have been initiated to determine the upfront price and capital cost involved therein. However, these shall be taken for asset monetization depending upon viability and market appetite.   The  details  of  such  NH  stretches  are  placed  at  Annexure.

- (c) The user fee shall only be collected by the private operators, under the concession granted/agreement, in accordance with the provisions of National Highways Fee (Determination of Rates and Collection) Rules Fee Rules, 2008, amended from time to time.

(d) Bids for 11 Toll Operate Transfer (TOT) bundles comprising of approx. 2910  km  have  been  invited  so  far.  The initial  estimated  concession value IECV (Reserve Price) is not to be disclosed.

(e)  In  order  to  part  finance Bharatmala,  NHDP  and  similar  projects entrusted to it, National Highways Authority of India (NHAI) has raised funds as per the approved IEBR in the Union Budget for each Financial Year.  The  status  of  outstanding  debt as  on  31st  March  for  the  last  3 years is given below:-

| F.Y.    |   In Rs Cr | Remarks                                                                                                                |
|---------|------------|------------------------------------------------------------------------------------------------------------------------|
| 2019-20 |     248282 | Borrowing is done by way of Bonds (54EC, Tax Free & Taxable) & Term loans from various Banks and National Small Saving |
| 2020-21 |     306703 | Fund.                                                                                                                  |
| 2021-22 |     348522 |                                                                                                                        |

Current Year: Since there was a nominal IEBR of Rs 1 lakh only in FY 2022-23, therefore approval for raising of funds amounting to Rs.6000 Crore through NHAI 54EC Capital Gain Bonds has been obtained.

Plan for debt servicing: Debt  servicing will  be  undertaken  from resources allocated under Budgetary support and raised from the monetization of NHs.

ANNEXURE REFERRED TO IN REPLY TO PART (A) TO (B) OF LOK SABHA UNSTARRED QUESTION NO.1997 ANSWERED ON 28 TH  JULY, 2022 ASKED BY SHRI HIBI EDEN REGARDING 'MONETISATION OF NHs'

ANNEXURE

Identified  NHs  Length  for  Asset  Monetization  where  Technical  due diligence and traffic survey study is underway

| State          |   Length of NHs (in Km) |
|----------------|-------------------------|
| Assam          |                  325.59 |
| Andhra Pradesh |                  490.38 |
| Bihar          |                  135.07 |
| Chhattisgarh   |                   47.8  |
| Delhi          |                  185.93 |
| Gujarat        |                  226.48 |
| Haryana        |                   57    |
| Jammu          |                   10.85 |
| Jharkhand      |                  179.6  |
| Karnataka      |                  286.45 |
| Kerala         |                   17.12 |
| Maharashtra    |                  311.11 |
| Madhya Pradesh |                  635.85 |
| Odisha         |                  568.32 |
| Punjab         |                  119.4  |
| Rajasthan      |                  411.87 |
| Telangana      |                  251.59 |
| Tamil Nadu     |                  386.5  |
| Uttar Pradesh  |                  311.36 |
| West Bengal    |                  321.16 |
| Total          |                 5279.43 |

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