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State-owned NHAI on Monday said it plans to launch a public Infrastructure Investment Trust (InvIT) to increase the overall investor base. Further, NHAI said public InvIT will also cater to retail investors, thereby providing access to infrastructure assets. NHAI had launched a private InvIT and monetised over 2,300 km of highways. An InvIT is a pooled investment vehicle that raises funds from investors by issuing units. Specifically, NHAI said it aims to offer three Toll-Operate-Transfer (ToT) bundles per quarter one small (Rs 2,000 crore), one medium (Rs 5,000 crore), and one large (Rs 9,000 crore) and to conduct one/two InvIT phases each year to cater to a broad spectrum of investors. "NHAI will also assess the market conditions in future and adjust the bundle size accordingly," it added. To attract high-quality institutional investors and investors with expertise in infrastructure management, NHAI said it will develop targeted outreach programmes across geographic locations