Cabinet Authorises NHAI to Set Up Infrastructure Investment Trust

On 11th December, 2019, the Union Cabinet gave its approval to the proposal of Ministry of Road Transport and Highways, authorizing National Highways Authority of India (NHAI) to set up Infrastructure Investment Trust(s) (InvIT) as per InvIT Guidelines issued by SEBI. NHAI’s InvIT will be a Trust established by NHAI under the Indian Trust Act, 1882 andSecurities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014.

Objective

  • It will enable NHAI to monetize completed National Highways that have a toll collection track record of at least one year.

Need

  • In October 2017, Government launched the Bharatmala Pariyojana, which is ....

Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Economy Watch