NHAI targets Rs 10,000 crore in third round of asset monetisation through InvIT
NHAI is seeking to raise as much as Rs 10,000 crore by February through a third round of monetising road assets through InVITs route, which will be the largest yet by enterprise value for asset monetisation through InVIT
In InvIT Round 1, NHAI had garnered ~Rs 8,100 crore when it offered five operational road assets with a total length of 389 km. In Round 2, the authority raised Rs2,900 crore by transferring three road projects spanning a length of 247 km. With larger InVIT size and upper investors response, the road monetisation via InVIT is picking up pace, which will enable NHAI to award/construct higher number of projects in future
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