The National Highways Authority of India is advancing its Public InvIT initiative with the establishment of Raajmarg Infra Investment Trust (RIIT), aimed at boosting road asset monetisation and widening investment access in the national highway sector. As part of this plan, NHAI has incorporated Raajmarg Infra Investment Managers Private Limited (RIIMPL) as the Investment Manager for the proposed InvIT. The new entity was formally launched in Mumbai by NHAI Chairman Santosh Kumar Yadav, in the presence of senior officials and institutional representatives.RIIMPL has been structured as a collaborative venture, with equity participation from leading banks and financial institutions such as 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. The platform is designed to unlock the monetisation value of completed national highway assets while offering a long-term, high-quality investment avenue for retail and domestic investors. NHAI Member (Finance) NRVVMK Rajendra Kumar has been appointed Managing Director and CEO (Additional Charge) of the company.Highlighting NHAI’s track record, the Chairman noted that the authority has monetised assets worth Rs 489.95 billion through the Toll-Operate-Transfer model and raised around Rs 436.38 billion across four rounds of Private InvITs, drawing strong participation from domestic and global investors. He added that approximately 1,500 km of completed and operational highways will be introduced into the Public InvIT over the next three to five years, opening up new investment opportunities for the public.RIIMPL aims to establish strong governance systems aligned with SEBI’s InvIT regulations, ensuring transparency, investor protection, and high-quality reporting and compliance. The first issuance of units for retail and public investors is expected in February 2026.