In a significant move to strengthen road-asset monetisation and widen investment opportunities in National Highway development, the National Highways Authority of India (NHAI) is establishing the Raajmarg Infra Investment Trust (RIIT) as a Public InvIT. As part of this initiative, NHAI has incorporated Raajmarg Infra Investment Managers Private Limited (RIIMPL) as the Investment Manager for the proposed InvIT. RIIMPL was formally launched in Mumbai by NHAI Chairman Santosh Kumar Yadav, in the presence of senior NHAI officials and representatives from partner institutions. RIIMPL is a collaborative venture with equity participation from major banks and financial institutions, including State Bank of India, Punjab National Bank, NaBFID, Axis Bank, Bajaj Finserv Ventures Ltd., HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank and Yes Bank. This partnership aims to unlock the monetisation potential of National Highway assets while creating a high-quality, long-term investment product, primarily targeting retail and domestic investors. NRVVMK Rajendra Kumar, NHAI Member (Finance), has been appointed Managing Director and CEO (Additional Charge) of the Investment Manager. Speaking at the launch, Yadav highlighted NHAI’s strong track record in asset monetisation. In recent years, the authority has monetised assets worth Rs 489.95 billion through the Toll-Operate-Transfer (TOT) model and raised around Rs 436.38 billion across four rounds of Private InvITs, attracting large domestic and global investors. He added that over the next three to five years, about 1,500 kilometres of completed and operational National Highways will be introduced into the Public InvIT, opening substantial investment avenues for the public. He expressed confidence that the initiative would mark “a new chapter of public participation” in India’s highway-infrastructure development. RIIMPL will prioritise establishing strong governance standards fully aligned with SEBI’s InvIT regulations, ensuring transparency, investor protection, and best-in-class reporting and compliance practices. The first issuance of InvIT units for retail and public investors is expected to be launched in February 2026.