India, Feb. 26 -- The Union ministry of road transport and highways (MoRTH) has set a target of Rs.35,000 crore of private sector investment in national highway development under the public-private partnership (PPP) mode for the next financial year, a 17% increase when compared to the target of Rs.30,000 crore of the current FY. However, the asset monetisation target by MoRTH from developed stretches has been kept the same as the current year at Rs.30,000 crore in the detailed demand for grants by the ministry. Notably, in FY 24, MoRTH had raised its highest-ever tally of Rs.40,314 crore.

MoRTH will shed high-interest loans from banks through auctioning of Toll Operate Transfer (TOT) bundles, Infrastructure Investment Trust (InvIT), and ...