TRANSPORTATION

NHAI plans to raise Rs 40,000 cr through InvIT

The National Highways Authority of India (NHAI) is planning to raise around Rs 40,000 crore to monetise its highway assets through Infrastructure Investment Trust (InvIT) after an approval from the Union Cabinet in December, two people aware of the development said.

NHAI has identified hundreds of completed road projects valued at around Rs 60,000 crore that could be pooled in and offered to investors through InvIT, said one of the persons in the know.

“These are completed projects and have a good track record. These projects would be transferred to InvIT and it could be taken to either large investors like pension funds or public money could be raised,” he said. Read More

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