New Delhi, June 30 -- In just over a decade, India's national highway network has doubled to 146,000km, connecting almost every corner of the country. Since capital expenditure by the government on infrastructure such as roads has an income multiplier effect of up to four times, the construction of national highways has multifold social and economic benefits for the country.

Given the increasing need for funds to sustain project growth, the National Highways Authority of India (NHAI) has adopted several asset monetization strategies that leverage existing roads to generate funds. Asset monetization refers to the unlocking of value from existing infrastructure assets by transferring their operational rights to private entities for a speci...