**Executive Summary**
The document is a response to an unstarred question in Lok Sabha, answered on February 12, 2026, regarding NH Asset Monetisation in Andhra Pradesh. It provides details on the objectives, funds raised, and planned monetisation activities under the National Monetisation Pipeline, with a focus on Andhra Pradesh. The response includes information on asset monetisation through Toll-Operate-Transfer (TOT), Infrastructure Investment Trusts (InvIT), and securitisation models.
**Key Points / Main Content**
* **Objectives of NHAI's Asset Monetisation Programme:**
* Unlock value of public sector assets by tapping into private sector capital.
* Enable capacity augmentation and greenfield infrastructure creation.
* Unlock economic value of completed road assets, generating funds for new projects.
* Attract alternate sources of capital beyond budgetary allocation and toll revenues.
* Improve efficiency through private sector participation in Operations and Maintenance (O&M) with innovative technologies.
* **Funds Raised Through Asset Monetisation (as of 06.02.2026):**
* Toll-Operate-Transfer (TOT): ₹58265 Cr. (2931.578 Km covered)
* Infrastructure Investment Trusts (InvIT): ₹43638 Cr. (2342.56 Km covered)
* Securitization: ₹50125 Cr. (1312 Km covered)
* Total: ₹152028 Cr. (6586.138 Km covered)
* **Monetisation Details and Funds Utilisation:**
* State-wise details of TOT and InvIT monetisation are in the Annexure.
* Funds raised through TOT are transferred to the Consolidated Fund of India (CFI) and ploughed back to NHAI through budgetary support for construction and debt servicing.
* Funds raised through InvIT are now transferred to the Consolidated Fund of India (CFI).
* The Delhi-Mumbai Expressway project uses securitisation mode, and funds are used for project expenses.
* **National Highway Stretches in Andhra Pradesh Identified for Monetisation in FY 2025-26:**
* Six-lane Gundugolanu-Chinna Avutapalli section of NH-16
* Chilakaluripet-Vijayawada section of NH-16
* **Details of Projects Awarded under TOT and InvIT:**
* Includes information on projects awarded under TOT and InvIT models, providing details such as project name, chainage, length, NH number, fee plaza, and state.
**Impact Analysis**
**NHAI**
* **Impact**
* NHAI benefits from asset monetization by unlocking the value of completed road assets. The revenue from this initiative allows NHAI to invest in new projects, reducing dependence on traditional funding sources and budget constraints.
* **Action Required**
* NHAI is responsible for executing the Asset Monetisation Programme, derived from the National Monetization Pipeline. NHAI needs to attract private players for participation in Operations and Maintenance (O&M) to improve efficiency and the use of innovative technologies for upkeep of road assets.
**Government of India**
* **Impact**
* The Government is affected by the funds generated through monetization that are transferred to the Consolidated Fund of India (CFI). This is the main instrument through which the budget is funded.
* **Action Required**
* Ensure that the funds are effectively ploughed back into NHAI to support new highway development, maintenance, and expansion, as well as construction and debt servicing.
**Andhra Pradesh**
* **Impact**
* The state benefits from new highway development, maintenance, and expansion.
* **Action Required**
* Andhra Pradesh must cooperate with NHAI to facilitate the asset monetisation process for identified National Highway stretches in the state during the Asset Monetisation Plan period 2025–30.
**Private Sector Investors**
* **Impact**
* Private sector investors have opportunities to invest in public sector assets through Asset Monetization Programme.
* **Action Required**
* Participate in asset monetisation by investing in O&M for project management.
Key Entities Referenced
National Highways Authority of India (NHAI): Primary agency responsible for the National Highway asset monetization discussed in the document.
National Monetisation Pipeline: Framework under which the NHAI's Asset Monetization Programme is derived.
Andhra Pradesh: State where specific National Highway stretches are proposed for monetization.
Consolidated Fund of India (CFI): Fund where proceeds from Toll-Operate-Transfer (TOT) are transferred.
Toll-Operate-Transfer (TOT): One of the models of asset monetization.
GOVERNMENT OF INDIA
MINISTRY OF ROAD TRANSPORT AND HIGHWAYS
LOK SABHA
UNSTARRED QUESTION NO. 2144
ANSWERED ON 12TH FEBRUARY, 2026
NH ASSET MONETISATION IN ANDHRA PRADESH
2144. SHRI LAVU SRI KRISHNA DEVARAYALU:
Will the Minister of ROAD TRANSPORT AND HIGHWAYS
सड़क परिवहन औि िाजमार्ग मंत्री
be pleased to state:
(a) the key features and objectives of the first-ever Asset Monetisation
Strategy for the road sector released by the National Highways
Authority of India (NHAI);
(b) the total funds raised through Toll-Operate-Transfer, Infrastructure
Investment Trusts and securitisation models under the National
Monetisation Pipeline so far and the length of National Highways
covered;
(c) the details of National Highway assets monetised till date, State-
wise particularly those located in Andhra Pradesh;
(d) whether any National Highway stretches in Andhra Pradesh are
proposed to be monetized during the Asset Monetisation Plan period
2025–30, if so, the details thereof; and
(e) the details of the manner in which the proceeds from asset
monetisation are proposed to be utilised for new highway
development, maintenance and expansion, especially in States with
growing infrastructure needs such as Andhra Pradesh?ANSWER
THE MINISTER OF ROAD TRANSPORT AND HIGHWAYS
(SHRI NITIN JAIRAM GADKARI)
(a) The objectives of National Highways Authority of India (NHAI)’s Asset
Monetization Programme, derived from the National Monetization Pipeline,
are to unlock the value of investments in public sector assets by tapping into
private sector capital and efficiencies which can be leveraged for capacity
augmentation / greenfield infrastructure creation.
Through asset monetization of roads, NHAI aims to achieve the following:
i. Unlocking of economic value of completed road assets, leading to
generation of funds that can be invested in new projects
ii. Attracting alternate sources of capital, in addition to traditional
sources of funds such as budgetary allocation and toll revenues to
ensure adequate and efficient funding.
iii. Efficiency improvements through monetization by attracting private
players’ participation in Operations and Maintenance (O&M) for higher
standards of project management and use of innovative technologies
for upkeep of the road asset.
(b) The proceeds received under different modes of Asset Monetization as
on 06.02.2026 are as below:
Mode Revenue Length covered
(Rs. in Cr.) (Km)
Toll-Operate-Transfer (TOT) 58265 2931.578
Infrastructure Investment Trusts (InvIT) 43638 2342.56
Securitization 50125 1312
TOTAL 152028 6586.138(c) The state-wise details of monetization of National Highways
Assets through Toll-Operate-Transfer (TOT) & Infrastructure
Investment Trusts (InvIT) modes as on 06.02.2026 are attached as
Annexure.
(d) As of now, the following road assets pertaining to the state of
Andhra Pradesh has been identified for monetization in FY 2025-26:
i. Six lane Gundugolanu- Chinna Avutapalli section of NH-16
ii. Chilakaluripet-Vijayawada section of NH-16
(e) The fund raised through TOT mode is transferred into the
Consolidated Fund of India (CFI), which is ploughed back to NHAI
through budgetary support as NHAI investment and can be used for
construction and Debt servicing.
Earlier, the fund received from InvIT mode was used for repayment of
NHAI debt. However, the fund raised through InvIT mode is now
transferred into the Consolidated Fund of India (CFI).
The project “Delhi-Mumbai Expressway” is under securitization mode
through Special Purpose Vehicle (SPV). The funds are utilized for the
project expenses of Delhi-Mumbai Expressway.Annexure
ANNEXURE REFERRED TO IN REPLY TO PART (C) OF LOK SABHA UNSTARRED QUESTION NO. 2144 TO BE
ANSWERED ON 12TH FEBRUARY, 2026 ASKED BY SHRI LAVU SRI KRISHNA DEVARAYALU REGARDING
"NH ASSET MONETISATION IN ANDHRA PRADESH"
Details of Projects Awarded under TOT
S. TOT Length States
Project Chainage NH Fee Plaza
No. Bundle (km)
Siddhantham From Km 950 + Andhra
TOT
1 to 542 to Km 1022 + 71.950 NH-5 Unguturu Pradesh
Bundle-1
Gundugolanu 494
Diwancheruvu From Km 901 +
TOT
2 to 500 to Km 950 + 49.040 NH-5 Ethakota
Bundle-1
Siddhantham 542
From Km 830 +
TOT Annavaram to
3 525 to Km 901 + 70.980 NH-5 Krishnavaram
Bundle-1 Diwancheruvu
500
Ankapalli to From Km 741 +
TOT
4 Annavaram 255 to Km 830 + 88.530 NH-5 Vemapadu
Bundle-1
(Tuni) 525
Icchapuram to From Km 484 +
TOT
5 Narasannapet 000 to Km 580 + 96.700 NH-5 Laxmipuram
Bundle-1
a 700
From Km 182 + Gujarat
TOT Bamanbore to
6 600 to Km 254 + 71.940 NH-8A Vaghasia
Bundle-1 Garamore
537
7 TOT Garamore to From Km 254 + 51.460 NH-8A SurajbariBundle-1 Samakhiyali 537 to Km 306 +
000
From Km 001 +
TOT Porbandar to Vanana
8 960 to Km 117 + 115.640 NH-8B
Bundle-1 Jetpur Dhumiyani
600
TOT Palanpur-
From km 589.600
9 Bundle-5 Radhanpur- 53.600 NH-27 Bhiladi
to km 536.000
(A-1) Samkhiyali
TOT Palanpur-
From km 536.000 Varahi
10 Bundle-5 Radhanpur- 105.900 NH-27
to km 430.100 Bhalgam
(A-2) Samakhiyali
From Km 419 + Odisha &
TOT Puintola to
11 600 to Km 484 + 64.400 NH-5 Bellupada Andhra
Bundle-1 Icchapuram
000) Pradesh
Jhansi- From Km
TOT NH-
12 Lalitpur 000+000 to Km 49.700 Babina
Bundle-3 25&26
(Package-1) 49+700
Jhansi-
TOT From Km 49+700
13 Lalitpur 49.305 NH-26 Vighakhet
Bundle-3 to Km 99+005
(Package-2)
TOT Lucknow- From Km 12+700 NH-
14 70.000 Dakshina Skhpur
Bundle-3 Raibareli to Km 82+700 24B
TOT Handia- From km 712.900
15 72.644 NH-19 Lalanagar
Bundle-9 Rajatalab to km 785.544
TOT NH-2 Kokhraj,
Allahabad From km 628.753
16 Bundle- 84.462 (New Shringveerpur,
Bypass to km 713.215
11 (2nd NH- Nawabganj,call) 19) Soraon, Sahson
and Handia
NH-28
TOT
Lucknow- km 15.400 to km (New Ahmadpur and
17 Bundle- 122.57
Ayodhya 137.970 NH- Raunahi
17
27)
NH-28
TOT
Ayodhya- Km. 137.970 to (New Chaukadi and
18 Bundle- 116.101
Gorakhpur Km. 252.860 NH- Mandawnagar
17
27)
Km. 11.500
(Design Chainage NH-56
TOT
Lucknow- 11.500) to km. (Now
19 Bundle- 127.425 Bara and Asroga
Sultanpur 134.700 (Design NH-
17
Chainage 731)
138.925)
From Km Bihar
TOT Kotwa-
20 440+000 to Km 80.000 NH-28 Parsoni Khem
Bundle-3 Muzaffarpur
520 + 000
Hazaribagh- Jharkhand
Ranchi From Km 41 +
TOT
21 including 500 to Km 73.790 NH-33 Pundag
Bundle-3
Ramgarh 115+290
bypass
TOT Madurai to From Km Tamil Nadu
22 52.300 NH-7 Kappalur
Bundle-3 Kanyakumari 000+000 to KmPackage 1 52+300
Madurai to
TOT From Km 52+300
23 Kanyakumari 64.200 NH-7 Etturvattum
Bundle-3 to Km 116+500
Package 2
Madurai to From Km
TOT
24 Kanyakumari 116+500 to Km 63.500 NH-7 Salaipudhur
Bundle-3
Package 3 180+000
Madurai to From Km
TOT
25 Kanyakumari 180+000 to Km 63.470 NH-7 Nanguneri
Bundle-3
Package 4 243+470
Jakhauli, Delhi
Mawikalan
Eastern
Duhai, DME (IC)
TOT Peripheral From km 1.000 to
26 135.000 NE-2 Dasna,Bilakbarpu
Bundle-7 Expressway km 136.000
r
(EPE)
Fatehpur Rampur
Maujpur
TOT Uttar
Malthone,
Bundle- Lalitpur Sagar From km 99.005 Pradesh
27 316.084 NH-26 Chitora, Titarpani
12 Lakhnadon to km 415.089 and Madhya
and Bakori
(2nd call) Pradesh
Km 373.545 to Staggered Rajasthan
Km 375.080 and Sakatpura at km
TOT Kota bypass
Km 0.000 to Km 1055+217 (LHS)
28 Bundle- and Cable 27.820 NH-76
26.285 (Chainage and Nayagaon at
13 stay bridge
from km km 1059+350
1052.429 to km (RHS)1080.249)
Km 16.00-Km NH-75 Madhya
TOT
Gwalior- 56.328 and Km (New Dagrai at Km Pradesh
29 Bundle- 82.455
Jhansi 54.000-Km NH- 82.328
13
96.127 44)
Delhi-Meerut UP & Delhi
Expressway
(DME) (Sarai Kale
from design Km Khan DME KM
0.000 to Km 0000)
59.777 (Starting Indirapuram
from Km. 0.000 Plaza DME KM
NH-
on Nizamuddin 9500
TOT 334
Delhi-Meerut Bridge on NH-9 Dundahera Plaza
30 Bundle- 59.777 (Old
Expressway (Old NH-24) and DME KM 1990
14 NH-
ending at Km. Dasna Plaza DME
58)
51.975 of NH-334 KM 2760
(Old NH-58) Rasoolpur Sikrod
including Green DME KM 3134
Field Alignment Bhojpur Plaza
DME KM 4570
Kashi Plaza DME
KM 5823
TOT Delhi-Hapur Design Km 0.000 NH-9 Chhajarsi @
31 50.934
Bundle- section (part to Km 50.934 (old Km.39.73014 of Delhi- (existing km NH-
Meerut 0.000 to km 24)
Expressway) 50.000)
Design chainage Odisha
from km 414.982 NH-6
TOT
Binjabahal - to km 493.300 (New Bideibadkudar at
32 Bundle- 78.318
Teliebani (existing km NH- Km 439.515
14
414.000 to km 49)
491.710)
TOT
Chandikhol - Km 62.000 to Km Bhagada-
33 Bundle- 74.5 NH-16
Bhadrak 136.500 Narayanpur
18
MH/TS Border Telangana
to Armur and
Pippalwada
Adloor Km 175+000 to
TOT Rolmamda
Yellareddy to Km 313+507 Km
34 Bundle- 251.583 NH-44 Gamjal
Bowenpally 373+762 to Km
16 Bhiknoor
(Hyderabad 486+838
Manoharabad
Nagpur
section)
Details of projects awarded under InvITS. INVIT Length
Project Chainage NH Fee Plaza State
No. Bundle (km)
Kognoli at Km
Maharashtra/Karnataka km NH-48
INVIT 591.240 and
1 border (Kagal)- 515+000 to km 77.705 (Old NH-
Bundle-1 Hattargi at km
Belgaum 592+705) 4)
537.770
INVIT
2 Bundle-3 Hubli to Haveri
Hebbalu at km
(Modified) Karnataka
237.650,
INVIT
km 189.00 to Chalageri at km
3 Bundle-3 Davangere to Haveri 214.470 NH-48
km 403.470 286.110 and
(Modified)
Bankapur at km
INVIT
Davangere to 352.550
4 Bundle-3
Chitradurga
(Modified)
INVIT Abu Road to km 646+000 to Undavariya at
5 31.000 NH-27
Bundle-1 Swaroopganj km 677+000 670.750
km
INVIT Palanpur/Khemana to Khemana at km
6 601+000 to km 45.000 NH-27 Gujarat
Bundle-1 Abu road 602.750
646+000
INVIT Gandhidham (Kandla) – (km 0.00 – km
7 71.4 NH-41 Mokha
Bundle-4 Mundra Port 71.400)
Bassi at km
929.629, Aroli at
INVIT Chittorgarh to Kota & km 891+929 to
8 160.500 NH-27 km 986.629 & Rajasthan
Bundle-1 Chittorgarh Bypass km 1052+429
Dhaneswar at
km 1032.629
9 INVIT Kothakota Bypass – km 135+469 to 74.622 NH-44 Pullur at km TelanganaBundle-1 Kurnool km 211+000 200.950
INVIT km 1305+087 to Raksha at km
10 Shivpuri-Jhansi 75.300 NH-27
Bundle-2 km 1380+387 1374.650
From km
880.600 to km
891.780 of NH-
30 and km
1358.00 to km
1428.557 (
Boharipar at km
81.737 km),
NH-30 & 1362.780
From km
34) Kherwasaani at
INVIT 725.185 to km
Rewa Katni Jabalpur km 739.000
11 Bundle-3 813.257 (88.072 306.337
Lakhnadon NH -30 Mohtara at km
(Modified) km),
(old NH- 840.567 Madhya
From km
7) Odhaki Paipkhar Pradesh
813.157 to km
at km 675.700
880.600 (67.343
km) and
From km
656.600 to km
725.185 (69.185
km)
INVIT
Lakhnadon to
12 Bundle-3 Madai at km
Mahagaon
(Modified) km 546.420 to 549.200 and
107.350 NH-44
INVIT km 653.770 Khawasa at km
13 Bundle-3 Mohgaon to Khawasa 651.750
(Modified)INVIT km 0+000 to km NH-2 & Raibha at km
14 Agra Bypass 32.800
Bundle-2 32+800 3 10.800
km 1515.713 to
km 1578.872on
INVIT
LHS and from Usaka Chamari
15 Bundle-3 Orai Bara 62.903 NH-25 Uttar
km 1578.360 to at km 1519.880
(Modified) Pradesh
km 151.713 of
RHS
NH-30
INVIT (km 262.000 – Faridpur,
16 Bareilly – Sitapur 157.59 (Old NH-
Bundle-4 km 419.590) Maigalganj
24)
Borkhedi-Wadber- Daroda at km
NH-44
INVIT Deodhari-Kelapur- km 36+600 to 92.500 &
17 138.150 (old NH- Maharashtra
Bundle-2 Maharashtra/Telangana km 175+000 Kelapur at km
7)
Border 150.000
INVIT NH-49
km 16.130 to Balibhasha at
18 Bundle-3 Chichira-Kharagpur 56.120 (old NH- West Bengal
km 72.250 km 43.350
(Modified) 6)
km 30.00 to km
Kachugaon to
92.671 (62.671 Patgaon at km
INVIT Rakhaldubi Bus NH-27
km) and km 49.600
19 Bundle-3 Junction and 114.171 (old NH-
961.500 to & Dahalpara at
(Modified) Rakhaldubi Bus 31C)
1013.00 (51.500 km 971.200 Assam
Junction to Kaljhar
km)
INVIT NH-27
Kaljhar to km 1013.00 to Galia at km
20 Bundle-3 27.300 (old NH-
Patacharkuchi km 1040.300 1017.350
(Modified) 31)
21 INVIT Gundugolanu- (km 15.320 – 69.884 NH-16 Veeravalli AndhraBundle-4 Devarapalli- 85.204) Pradesh
Kovvuru section
INVIT Narasannapeta- (km 580.671-km
22 53.799 NH-16 Madapam
Bundle-4 Ranasthalam 634.470)
INVIT Anandapuram-Pendurti (km 682.980 – Marripalem &
23 48.605 NH-16
Bundle-4 Ankapalli km 731.585) Dukkavanipalem
INVIT Ranasthalam to (km 634.00 –
24 66.544 NH-16 Nathavalasa
Bundle-4 Hanumanthvaka km 700.544)
INVIT Chittor-Mallavaram (km 0.00 – km
25 61.128 NH-140 Gadanki
Bundle-4 Gadanki 61.128)
AP/TN Border to
INVIT Nalagampalli, (km134.890 –
26 84.797 NH-4 Mahasamudram
Bundle-4 AP/Karnataka Border km 219.687)
section
Old NH-
INVIT Muzaffarnagar- (km 130.560 – Chapar,
27 78.56 58 (New Uttarakhand
Bundle-4 Haridwar km 209.120) Bahadrabad
NH-334)
NH-30
INVIT (km 0.00 – km
28 Raipur to Simga 48.58 (old NH- Tarpongi
Bundle-4 48.580)
200)
Chhattisgarh
NH-130
INVIT (km 48.580 – Bhojpuri,
29 Simga to Bilaspur 77.945 (old NH-
Bundle-4 km 126.525) Mudipar
200)
*****