NHAI plans to raise Rs 3,000 cr from second InvIT in January

18 Dec 2021 CW Team

The National Highways Authority of India (NHAI) has planned its second Infrastructure Investment Trust (InvIT) to raise Rs 3,000 crore in January 2022.

According to an official, two to three road projects would be taken for monetisation through the InvIT to be launched. The InvIT, launched in October, had a portfolio of five operating toll roads of 390 km in length. These five roads are in Gujarat, Karnataka, Rajasthan and Telangana. NHAI has granted a new concession period of 30 years for these roads.

The units have been issued under the private placement route in the upper band of 101 per unit. These units were listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

The first InvIT brought two foreign pension funds, including Canada Pension Plan Investment Board and Ontario Teachers' Pension Plan Board, with 25% holding each.

These were listed with the domestic institutional investors, including pension funds, insurance companies, mutual funds, banks and financial institutions.

The InvIT, being a part of the government's scheme, plans to raise Rs 1.6 lakh crore by monetising 27,000 km of roads in the next four years under the National Monetisation Pipeline. The monetisation will be via toll-operate-transfer (ToT) and InvIT models.

Image Source

Also read: NHAI to increase size of InvIT to Rs 15,000 crore

Infrastructure Transport

14 Oct 2025

Versova-Dahisar Coastal Road Project to Impact 1,200 Trees

The Versova-Dahisar Coastal Road Project in Mumbai will affect over 1,200 trees, according to the Brihanmumbai Municipal Corporation (BMC). Of these, 990 trees will be replanted, while the remaining will be cut down due to construction requirements. The project, which forms a key extension of the on-going Mumbai Coastal Road corridor, aims to ease traffic congestion in the western suburbs and enhance north-south connectivity along the city’s coastline. The BMC has assured that replantation efforts will be carried out in designated areas to maintain ecological balance and offset the environm..

New Entry-Exit Planned on Vadodara–Mumbai Expressway near Ankleshwar

The Vadodara–Mumbai Expressway is set to get a new entry and exit point near Ankleshwar, aimed at improving regional connectivity and reducing travel time for commuters in south Gujarat. The new interchange, proposed by the National Highways Authority of India (NHAI), will offer smoother access to nearby industrial and residential areas. The project forms part of the Bharatmala Pariyojana initiative, designed to strengthen India’s expressway network and boost economic corridors. Once operational, the new interchange is expected to enhance logistics efficiency by offering improved freight..

PMRDA Launches Rs 5,580 Mn Road Upgrade Plan to Ease Chakan Traffic

The Pune Metropolitan Region Development Authority (PMRDA) has launched Rs 5,580 million road infrastructure upgrade plan to address severe traffic congestion in the Chakan industrial region. The initiative aims to improve connectivity between Pune and major industrial hubs, including Talegaon, Moshi, and Alandi. Under the plan, PMRDA will widen existing roads, construct new link roads, and improve junctions across the Chakan–Talegaon and Moshi-Alandi corridors. These measures are expected to streamline the movement of goods and workers, benefiting the area are automotive and manufacturing ..