National Highways Authority of India (NHAI) on Tuesday completed the third round of funding through its infrastructure investment trust, raising a record over Rs 16,000 crore for 889 kilometres of national highway.
The capital was raised by National Highways Infra Trust (NHIT), the infrastructure Investment Trust (InvIT) of NHAI, as part of the Centre’s asset monetisation programme in 2023-24.
The letter of award for the largest InvIT round was given in February, and the transaction has been completed before the end of the financial year.
