New Delhi, February 9 NHAI announced on Monday that it has accepted the offer of Rs 9,500 crore from Raajmarg Infra Investment Trust for the monetization of five highway sections spanning 260 kilometers.
The monetized assets cover four states, NHAI said in a statement.
"NHAI has accepted the offer of the Raajmarg Infra Investment Trust (RIIT) amounting to Rs 9,500 crores for the monetization of five sections spanning over 260 km across four states," the statement said.
The assets include the 80.52 km Gorhar–Barwa Adda section (Jharkhand), the 69.4 km Chilakaluripet–Vijayawada section (Andhra Pradesh), the 32.6 km Chennai Bypass, the 33 km Chennai–Tada section (Tamil Nadu), and the 44.6 km Neelmangla–Tumkur section in Karnataka, NHAI said in a statement.
NHAI Chairman Santosh Kumar Yadav said, "Through this Public InvIT, retail investors will not only gain the opportunity to earn stable and attractive returns from operational National Highway assets but will also develop a sense of ownership and pride in contributing to the growth of national infrastructure."
The monetization through public InvIT aligns with the Government of India's National Monetisation Pipeline objectives, aimed at unlocking value from operational infrastructure assets and enhancing private sector participation in infrastructure management, NHAI said.
Over the next 3 to 5 years, NHAI plans to provide further assets of approximately 1,500 km to RIIT.