Infra investment trust likely by year-end; LIC to give Rs 25K cr credit line: NHAI chairman
NHAI’s infrastructure investment trust (InvIT) is likely to be floated by the year-end, its Chairman N N Sinha said Friday.
He also said the Life Insurance Corporation (LIC) has offered a credit line of Rs 25,000 crore to NHAI for funding highway projects.
“InvIT is likely in five months from now. We have sent the proposal to get the Cabinet nod for it,” the National Highways Authority of India (NHAI) chairman said on the sidelines of a CII event here.
