Road Transport Ministry to raise Rs 40,314 crore from monetization in 2023-24

Road Transport Ministry to raise Rs 40,314 crore from monetization in 2023-24

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ANI

The Ministry of Road Transport and Highways currently monetizes its assets through three modes which include TOT model, InvIT and project-based financing. In this way all categories of investors are given the opportunity to invest in the respective assets.

New Delhi. The Ministry of Road Transport and Highways has raised a total of Rs 40,314 crore through monetization of its assets in the financial year 2023-24, which is much higher than the target. A senior government official gave this information on Tuesday. The official said the ministry raised Rs 15,968 crore in the last financial year through monetization of net-to-operate-transfer (TOT) groups, Rs 15,700 crore through infrastructure investment trusts (InvITs) and Rs 8,646 crore through sale of securities. Are.

In this way, the amount raised through asset monetization for the financial year 2023-24 has gone beyond the set target of Rs 28,968 crore. The ministry had raised Rs 32,855 crore in the financial year 2022-23 through asset monetization. The Ministry of Road Transport and Highways currently monetizes its assets through three modes which include TOT model, InvIT and project-based financing. In this way all categories of investors are given the opportunity to invest in the respective assets. InvIT is an investment instrument on the lines of mutual funds, designed to pool money from investors and invest it in assets.

Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.



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