NHAI plans to raise Rs 50 billion through InvIT

Reportedly, NHAI is set to come up with its Rs 50 billion InvIT by early 2021. NHAI’s InvIT, the first to be sponsored by any government entity in the country, will initially consist of the highway road assets under the toll-operate-transfer (TOT) Bundle II. The auction for the second TOT bundle, with 586 km of national highways in Rajasthan, Gujarat, West Bengal and Bihar at a base price of Rs 53.62 billion, was cancelled last year after the bids offered were much below NHAI‘s expectations.

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