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 for setting up the InvIT, a new company is being formed to act as the investment manager to the proposed InvIT. In December 2019, the union cabinet had authorised NHAI to launch InvITs to enable it to monetise national highways that have a toll collection track record of at least one year. The authority plans to initially raise Rs 50 billion-Rs 60 billion from the InvIT.

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