State-owned National Highways Authority of India (NHAI) plans to increase the size of its proposed infrastructure investment trust (InvIT) and is expected to raise as much as ₹15,000 crore in two rounds. As part of the monetisation programme announced by the government, NHAI plans to sell about 32 more operational road assets spanning 1,500 km as well as upcoming TOT (toll-operate-transfer) projects.
Out of the 32 roads, about 20 totalling 1,000 km will be brought under the proposed private-listed InvIT in the second round, said two people aware of the development.
