National Highway Authority of India (NHAI) has taken a major step to accelerate highway monetization across the country. NHAI is now in the process of forming a public InvIT named Raajmarg Infra Investment Trust (RIIT), through which new avenues of earning from National Highway properties will open. Under this, NHAI has made Raajmarg Infra Investment Managers Pvt Ltd (RIIMPL) the investment manager of InvIT.
What is Public InvIT?
Public Infrastructure Investment Trust (InvIT) is an investment platform in which common people can directly invest money in infrastructure projects and get regular income on it. Its units are listed on the stock markets NSE and BSE. That means it is the same easy investment option as mutual funds or equity.
Strong participation of banks
RIIMPL has been formed as a joint investment management company, which includes major banks and financial institutions of the country such as SBI, PNB, NaBFID, Axis Bank, Bajaj Finserv Ventures, HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank and Yes Bank. This partnership of big banks is an indication that the confidence of financial institutions regarding the InvIT model is continuously increasing.
NHAI’s strong record in monetization
NHAI Chairman Santosh Kumar Yadav said that the authority has performed better in asset monetization in the last few years. So far, assets worth Rs 48,995 crore have been monetized under the TOT model. At the same time, around Rs 43,638 crore has been raised from four rounds of private InvITs.
He said that in the next 3 to 5 years, about 1,500 kilometers of operational and fully developed national highways will be included in this new public InvIT, which will provide huge investment opportunities to the general public and small investors.
First unit will arrive in February 2026
NHAI Member (Finance) NRVVMK Rajendra Kumar has been given the additional charge of MD and CEO of InvIT Manager Company. RIIMPL will give priority to transparency, investor protection and better governance as per SEBI InvIT rules. InvIT units are expected to be issued for the first time to public and retail investors in February 2026. This will increase both the participation and opportunities of investors in the road sector.
