GS3 · Infrastructure finance

NHAI lists highway stretches for monetisation in FY27

Battle IAS current affairs title card: NHAI lists highway stretches for monetisation in FY27 (GS3 · Infrastructure finance, 28 May 2026)
Asked by UPSCPrelims 20231 PYQ

UPSC has already asked about this. Read the story with these questions in mind.

Battle Brief

NHAI has finalised a tentative list of National Highway stretches proposed for monetisation under Toll-Operate-Transfer (TOT) and Infrastructure Investment Trust (InvIT) modes in FY 2026-27, the Ministry said on 28 May 2026. The list does not include assets proposed through Raajmarg Infra Investment Trust (RIIT) for that year. Aim: raise capital from operational highways for further network expansion.

Fact File

Release
28 May 2026, Ministry of Road Transport and Highways / NHAI
Year
FY 2026-27
Modes
Toll-Operate-Transfer (TOT) and Infrastructure Investment Trust (InvIT)
Excluded
assets proposed via Raajmarg Infra Investment Trust (RIIT)
Status
tentative list for investor planning
In the news

NHAI highway monetisation list for FY 2026-27: what happened?

Building new highways needs money. Monetisation sells the right to collect tolls on roads that already run, so the government can recycle that capital into the next stretch.

  • Investors and bidders can use the list to plan bids.
  • Part of the Centre’s wider asset-monetisation strategy for operational National Highway assets.
Back Story

What are TOT and InvIT?

  • TOT: a concessionaire pays upfront for the right to operate and collect tolls on a highway stretch for a fixed period.
  • InvIT: highway assets are pooled in a trust; investors buy units and earn from toll cash flows.
Why examiners care

Why does NHAI highway monetisation list for FY 2026-27 matter?

  • Infrastructure finance: Recycling operational assets into new construction.
  • Private capital: Clearer pipeline for TOT and InvIT bidders.
Exam Radar

What can Prelims ask on NHAI highway monetisation list for FY 2026-27?

  • NHAI FY 2026-27 monetisation list: TOT and InvIT modes; RIIT assets excluded.
  • Purpose: mobilise capital from operational National Highways.

How to use this in Mains

GS-III Infrastructure: energy, ports, roads, airports, railways; investment models

  1. As per PIB (2026-05-28): NHAI finalised a tentative list of operational highway stretches to monetise in FY 2026-27 through TOT and InvIT, separate from assets planned for the Raajmarg Infra Investment Trust.
  2. Monetising assets lets the government fund new infrastructure without borrowing more.
Quotable data point

NHAI finalised a tentative list of operational highway stretches to monetise in FY 2026-27 through TOT and InvIT, separate from assets planned for the Raajmarg Infra Investment Trust.

PIB: NHAI: monetisation list FY27, 28 May 2026

Exam angle

UPSC

Prelims: TOT, InvIT.

Practice MCQs

Original practice questions (not PYQs).

Practice · UPSC

NHAI's FY 2026-27 highway monetisation list covers which modes?

Answer (b) & explanation

PIB (MoRTH/NHAI), 28 May 2026.

Quick questions

Questions students ask about this

Which monetisation modes are in NHAI's FY 2026-27 list?

Toll-Operate-Transfer (TOT) and Infrastructure Investment Trust (InvIT).

Are RIIT assets included?

No. Assets proposed through Raajmarg Infra Investment Trust (RIIT) for FY 2026-27 are not in this list.

Why monetise operational highways?

To mobilise capital from existing National Highway assets for further network expansion and modernisation.

Keep studying

Go deeper

Official source: PIB: NHAI: monetisation list FY27, 28 May 2026

facts from cited sources only; faculty review pending