Govt to launch first retail investments in NHs under Invit in February

Plans to add 1,500 kilometres of national highways to Public InvIT over next 3-5 years

The government will come up with the issuance of national highway units for retail investors under its first public infrastructure investment trust (InvIT) in February and plans to add around 1,500 kilometres of highways, the Ministry of Road Transport and Highways said.

 

The National Highways Authority of India (NHAI) is in the process of establishing Raajmarg Infra Investment Trust (RIIT) as a Public InvIT. As part of this initiative, NHAI has incorporated Raajmarg Infra Investment Managers Private Limited (RIIMPL) as the investment manager for the proposed InvIT, the ministry said on Thursday.

 

NHAI, through its existing InvIT —