Cabinet Authorises NHAI to Set Up Infrastructure Investment Trust

On 11^th 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 and Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014.
• Infrastructure Investment Trust(s) (InvIT) as an instrument provides greater flexibility to investors and it would generate specialized Operation and Maintenance (O&M) Concessionaires.
• It will enable NHAI to monetize completed National Highways that have a ....