 "For NHAI, at least three road projects start before the official go-ahead")
The Union road transport and highways ministry will soon start the process of forming an infrastructure investment trust (InvIT) under the aegis of the National Highways Authority of India (NHAI) for some projects.
As a first step, the NHAI will choose highways with high-traffic volumes, in bunches of three-four, and place them under special purpose vehicles (SPVs) or trusts. The NHAI will decide which of the stretches should be offered under the upcoming InvIT and which ones through the existing toll-operate-transfer (TOT) mode.
“The road stretches with the potential for higher traffic will be set aside for the InvIT, because we want
