In the future, the authority plans to offer 19 projects worth Rs 35,000 crore under the InvIT model.
NHAI InvIT is a platform to monetise roads over the next 3-5 years, the official said, adding that the initial set of roads are part of national corridors and provide excellent long-term prospects.
NHAI’s InvIT became a casualty of the Covid-19 crisis after a nationwide lockdown was imposed on March 25, 2020. It was earlier set to launch its first InvIT in May 2020. In December 2019, the Union Cabinet approved the proposal of the Ministry of Road Transport and Highways to authorise NHAI to set up InvITs
to monetise national highways that have a toll collection track record of at least one year.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.