By NSB.News
New Delhi: The National Highways Authority of India (NHAI) on Monday said it has accepted Raajmarg Infra Investment Trust’s (RIIT) offer of Rs 9,500 crore for the asset monetisation of five national highway sections spanning 260 km.
In a statement, NHAI said the monetised assets are spread across four states.
“NHAI has accepted the offer of the Raajmarg Infra Investment Trust (RIIT) amounting to Rs 9,500 crore towards asset monetisation of five sections spanning over 260 km across four states,” the authority said.
The five highway stretches include:
Gorhar–Barwa Adda section, Jharkhand: 80.52 km
Chilakaluripet–Vijayawada section, Andhra Pradesh: 69.4 km
Chennai Bypass, Tamil Nadu: 32.6 km
Chennai–Tada section, Tamil Nadu: 33 km
Neelmangla–Tumkur section, Karnataka: 44.6 km
NHAI Chairman Santosh Kumar Yadav said the public InvIT structure would enable broader participation in infrastructure development. “Through this Public InvIT, retail investors will not only gain the opportunity to earn stable and attractive returns from operational national highway assets but will also develop a sense of ownership and pride in contributing to the growth of national infrastructure,” he said.
The authority said the monetisation through a public InvIT is aligned with the Government of India’s National Monetisation Pipeline (NMP), which aims to unlock value from operational infrastructure assets and enhance private sector participation in infrastructure management.
Over the next three to five years, NHAI plans to offer additional highway assets of about 1,500 km to RIIT, the statement added.