NHAI moves step ahead to set up InvIT

Road Transport and Highways ministry on Friday says National Highways Authority of India will soon set up Infrastructure Investment Trust (InvIT). Towards this, a new company is being set up to act as the investment manager to the proposed InvIT.

InvIT is an investment scheme similar to a mutual fund that allows investment from individuals and institutional investors in infrastructure projects to earn a portion of the income as return. NHAI will be the first InvIT to be sponsored by any government or semi-government entity in the country.

“As NHAI InvIT shall be the first InvIT to be sponsored by any government or semi government entity in the country, it is important to have a professional management structure for the investment manager,” an official statement said.