NHAI to set up Infrastructure Investment Trust

A new company is being set up to act as the investment manager

National Highways Authority of India, NHAI, Infrastructure investment trust, InvIT, Highway, Investment Manager, NHAI InvIT, Sukhbir Singh Sandhu, Deepak Parekh, Housing Development Finance Corporation, Girish Chandra Chaturvedi, ICICI Bank, Sanjay Mitra, Ministry of Road Transport & Highways

The National Highways Authority of India (NHAI) is in the process of setting up an Infrastructure Investment Trust (InvIT) with an aim to facilitate investment in the highway sector.

As part of the structure, a new company is being set up to act as the Investment Manager to the proposed InvIT.

NHAI InvIT shall be the first InvIT to be sponsored by any government or semi-government entity in the country.

In order for selection of appointment of two independent Directors and one Chairman for the Investment Manager Board, a search-cum-selection committee has been formed.

Sukhbir Singh Sandhu, chairman, NHAI is the Convenor of the Committee and other members include Deepak Parekh, Chairman, Housing Development Finance Corporation; Girish Chandra Chaturvedi, Chairman, ICICI Bank; and Sanjay Mitra, Ex-Secretary, Ministry of Road Transport & Highways.

The idea is to set up a competent entity of experts that can professionally run the Infrastructure Trust to mobilise resources from the market for monetising completed highway projects of NHAI.

Most Popular

Awards

Olympia Group announces to build up 1.1mn sq-ft greenfield it park in Guindy
The project will have a total investment of about Rs 750 crore

Conferences

Vital pre-monsoon building works resume in Maharashtra
The state government has permitted pre-monsoon work by BMC and other agencies

Latest Issue

Sept 2020
01 Sep 2020