NHAI reduces highways on offer to NHIT; Space created for launch of new public InvIT
NHAI has reduced the number of highway projects for monetisation through NHIT to two, covering 311 km in Maharashtra and Andhra Pradesh. The remaining projects will be acquired by the public InvIT, RIIT. NHAI plans to monetise 1500 km of highways through the public InvIT in 3-5 years, with a target of raising Rs. 7000-8000 crore. Currently, Rs. 2000 crore has been raised.