Report on Roads Sector_Apr’24: Invit(ing) Fresh Funding for Highways Sector

The Report discusses the exuberance seen in construction seen in FY24, and enquires into whether awarding pace will catch up in FY25. Delving into the reforms proposed in the BOT-toll mode, it hazards that the share of this mode shall finally see an uptick. The report dissects the spectacular growth in Fastag collections being witnessed and concludes that the path to Rs. 1 trn/year of tolls is secure. Finally, it issues a clarion call for diversification of funding sources, championing InvITs as innovative sources which offer myriad opportunities for developers and investors alike.