The National Highways Authority of India (NHAI) has set up a 4-member search-cum-selection panel, comprising HDFC chairman Deepak Parekh and former highway secretary Sanjay Mitra, to appoint a chairman and two independent directors, to manage its Infrastructure Investment Trust (InvIT).
The other members of the committee are ICICI Bank chairman Girish Chandra Chaturvedi and NHAI chairman Dr Sukhbir Singh Sandhu, who is also the convenor. NHAI is in the process of setting up an InvIT. As a part of the process, a new company is being set up to act as the investment manager to the proposed InvIT. The Cabinet had in December authorised NHAI to launch InvITs to enable it to monetise national highways that have a toll collection track record of at least one year.
