The 78 km stretch of Belagavi-Kagal has been transferred to the InvIT
Under the ambitious national asset monetization project, NHAI has allocated total of eight operational roads to the National Highways Infra Trust (NHAI InvIT).
Over the next 3 years, the National Highways Infra Trust (NHAI InvIT) will have 1,500 km of operational road assets, nearly 1.5 times more than it does now. The trust is launching a ₹1,500 crore Non-Convertible Debenture (NCD) issue next week.
National Highway Infrastructure Limited (NHIT) is registered as a contributory irrevocable trust under the Indian Trust Act, 1882 and is registered as Infrastructure Investment Trust (InvIT) under SEBI (Infrastructure Investment Trust) Regulations 2014, as amended.
Currently, five road projects with a total stretch of approx. 389 km, namely, Palanpur-Abu Road, Abu Road-Swaroopganj, Chittorgarh-Kota, Kothakota-Kurnool, and Belagavi-Kagal are transferred to the InvIT.
The InvIT, through a project SPV, NHIPPL, has entered into a concession agreement with NHAI for a period of 30 years on a TOT basis.
The InVIT was listed in November 2021. All five project assets have received the appointed date as December 16, 2021, and have commenced tolling operations.
NHIT is proposing to bring additional three road assets under InvIT, i.e., Agra Bypass, Borkhedi-Wadner-Kelapur, and Shivpuri-Jhansi section under InvIT, and has entered into a concession agreement with NHAI for 20 years.
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