Govt to approach capital mkt for four road projects’ funds

Road Transport Minister Nitin Gadkari on Tuesday said the government will approach the capital market next month to raise funds for four road projects.

The money will be raised through Infrastructure Investment Trusts (InvITs), and there will be an investment limit of Rs 10 lakh for retail investors, he added.

“We will be approaching the capital market to raise funds for the four road projects… There will be an assured return of 7-8 per cent,” Gadkari said while addressing a Ficci event.

The minister said the government will soon list InvITs on stock exchanges so that retail investors can trade in units of InvITs.