NHAI sets up panel for InvIT selections

NHAI has set up a four-member search-cum-selection panel to manage its upcoming infrastructure investment trust (InvIT). As a part of the process, a new company is being set up to act as the investment manager to the proposed InvIT. In December 2019, the cabinet had authorised NHAI to launch an InvIT to enable it to monetise national highways that have a toll collection track record of at least one year.