Asset monetisation: NHAI’s first InvIT in April, aims to mop up Rs 6,000 crore

The National Highways Authority of India (NHAI) will likely launch its first Infrastructure Investment Trust (InvIT) by early 2020-21, with a plan to mop up Rs 6,000 crore via this route. The authority, which has the huge task of accelerating the pace of highway construction while private investments in the sector continue to be at a low ebb, is of the view that InvITs, along with the reasonably successful toll operate transfer (TOT) model, will enable it to monetise its operational assets in a big way to find non-debt resources.

“We are targeting to launch the first InvIT by the end of April. We are yet to decide on how many assets will be vested with the trust. However, the initial target is to raise around Rs 5,000-6,000 crore. We will keep on adding assets,” an official source said.