Key Investments/Developments
NHAI has monetised highway assets worth Rs. 1,70,638.40 crore (US$ 21.87 billion) between FY2018–19 and FY2025–26 through the Toll-Operate-Transfer (ToT), Infrastructure Investment Trust (InvIT) and securitisation models. Asset monetisation increased from Rs. 9,681.50 crore (US$ 1.39 billion) in FY2018–19 to a peak of Rs. 41,079.00 crore (US$ 4.96 billion) in FY2023–24, before moderating to Rs. 28,077.90 crore (US$ 3.18 billion) in FY2025–26. Between FY19 to FY26, the ToT model contributed the largest share with Rs. 61,351.70 crore (US$ 7.86 billion), followed by securitisation at Rs. 50,125.00 crore (US$ 6.42 billion), private InvITs at Rs. 49,661.70 crore (US$ 6.36 billion) and public InvITs at Rs. 9,500.00 crore (US$ 1.22 billion). The diversified monetisation strategy has enabled NHAI to unlock value from operational highway assets and reinvest the proceeds into the development of new road infrastructure.
In May 2026, Union Minister Shri Nitin Gadkari approved the development of the four-lane Thiruvarur Bypass and additional Road Over Bridges (ROBs) in Tamil Nadu at an investment of Rs. 1,427.61 crore (US$ 151.26 million). The projects are expected to improve traffic flow, reduce congestion and strengthen regional connectivity in the state.
In May 2026, the Government announced that work on six major road infrastructure projects across Delhi-NCR will commence between October 2026 and April 2027. The projects are aimed at improving regional connectivity, easing traffic congestion and strengthening links with key expressways.
Private investment in India's highway sector is expected to approach Rs. 1 lakh crore (US$ 10.60 billion) in FY27, driven by the revival of the Build-Operate-Transfer (BOT) model and increased participation from private developers. The Government is prioritising Public-Private Partnership (PPP) projects and asset monetisation to mobilise long-term capital and accelerate highway infrastructure development.
In April 2026, NHAI awarded the contract for a four-lane expressway connecting Vadhavan Port to NH-48 in Maharashtra. The project is expected to enhance port connectivity, improve freight movement and strengthen multimodal logistics infrastructure in western India.
In March 2026, NHAI awarded an Rs. 1,734 crore (US$ 196.22 million) contract for the four-laning of the Gudebellur–Mahabubnagar section of NH-167 in Telangana under the Hybrid Annuity Model (HAM).
In March 2026, NHAI awarded an Rs. 130.65 crore (US$ 14.79 million) EPC contract for the construction of flyovers and underpasses at the Jaipur Bypass Junction on NH-48 in Rajasthan to improve traffic flow and reduce congestion.
In March 2026, NHAI awarded an Rs. 368.85 crore (US$ 41.74 million) EPC contract for the construction of the 15-km South-East Bypass in Azamgarh, Uttar Pradesh, to improve regional connectivity and reduce congestion.
On February 4, 2026, The Ministry of Road Transport & Highways has proposed the development of the 189.93 km Amaravati Outer Ring Road (ORR) in Andhra Pradesh as a greenfield project to decongest urban areas and improve regional connectivity across the Amaravati capital region, including Vijayawada, Guntur, and Tenali. The ORR will divert through-traffic away from city centers, provide dedicated interchanges for seamless access to Vijayawada Airport, and allow for future rapid transit corridor integration.
Envisioned as a key multimodal logistics corridor, the ORR will integrate with National Waterway-4 and connect major ports such as Machilipatnam and Krishnapatnam with inland urban and industrial hubs. The project is expected to reduce travel time by 30–40 percent, lower fuel consumption, and cut vehicular emissions, supporting efficient freight movement and environmental sustainability.
The Ministry of Road Transport & Highways has proposed the construction of a 62.10 km two-lane road from Rafiabad to Tangdhar in the Union Territory of Jammu & Kashmir to enhance strategic and regional connectivity in border areas. The corridor will link key locations including Kupwara, Chowkibal, Tangdhar, and Teetwal, improve access to villages along the Line of Control (LoC), and strengthen defence logistics by ensuring reliable movement for security forces and essential supplies.
As of January 8, 2025, the Ministry of Road Transport and Highways shared that India’s National Highway network grew 60% in a decade, now standing at 146,195 km. High-speed corridor length jumped from 93 km in 2014 to 2,474 km in 2024. Projects aided by the World Bank, JICA, and ADB added 2,540 km by November 2024.
On November 17, 2025, the National Highways Authority of India (NHAI) invited bids for 52 highway projects in the current financial year, with 18 projects approved and a target to award 4500 km of projects and construct 5,000 km in FY26. This pipeline is expected to help achieve national highway construction targets.
In 2026–27, an allocation of Rs. 1,21,999 crore (US$ 13.6 billion) has been made towards roads and bridges under the Ministry of Road Transport and Highways, marking a 5% increase over the revised estimate for 2025–26. The expenditure covers key areas such as the development of national highways, expressway projects, lane expansion under various programmes, and enhancing road connectivity in left-wing extremism-affected regions, reflecting the government’s continued focus on strengthening transport infrastructure.
On November 21, 2025, the Ministry of Road Transport and Highways (MoRTH) allocated Rs. 255 crore (US$ 28.6 million) for road development in Assam and Arunachal Pradesh under SARDP-NE for FY26. Rs. 80 crore (US$ 8.97 million) was allocated to Guwahati (Assam) and Rs. 175 crore (US$ 19.6 million) to Itanagar (Arunachal Pradesh) regional offices to improve road infrastructure.
NHAI released a comprehensive Asset Monetisation Strategy aimed at attracting private investments and improving operational efficiencies in highway infrastructure. Models like Toll-Operate-Transfer (ToT), InvITs, and project securitisation have raised over Rs. 1.4 lakh crore (US$ 15.85 billion), marking a transformative step for private sector engagement and funding sustainability.
National Highways Infra Trust (NHIT) raised Rs. 16,000 crore (US$ 1.92 billion) in InvIT round- 3, stretches aggregate length of 889 kilometres of national highways, marking the largest transaction by the National Highways Authority of India (NHAI).
On January 17, 2026, Narendra Modi inaugurated and laid the foundation stone for multiple rail and road infrastructure projects worth Rs. 3,250 crore (US$ 36.1 million) in Malda. The projects are aimed at strengthening regional connectivity and accelerating economic development across West Bengal and the North-Eastern region.
On August 17, 2025, Prime Minister Mr. Narendra Modi inaugurated Rs. 11,000 crore (US$ 1.25 billion) worth of highway projects in Delhi, including the Delhi section of the Dwarka Expressway. These projects, undertaken with private sector participation, are expected to reduce congestion and enhance urban connectivity.
The Union Minister of State for Road, Transport and Highways has stated that the Government aims to boost corporate investment in roads and shipping sector, along with introducing business-friendly strategies, which will balance profitability with effective project execution.
According to the data released by Department for Promotion of Industry and Internal Trade Policy (DPIIT), FDI inflows in In a significant effort to enhance infrastructure, the Union government approved eight national high-speed corridor projects, involving the construction of 936 kilometres of highways at a total cost of Rs. 50,655 crore (US$ 6.09 billion). Private investments in the highway sector would likely rise from around Rs. 20,000 crore (US$ 2.40 billion) a year now to nearly Rs. 1 trillion (US$ 12 billion) in the next 6-7 years, Mr. Amit Kumar Ghosh, additional secretary, ministry of road transport and highways, said.