
The National Highways Authority of India (NHAI) has reduced the number of highway projects offered to its private trust, NHIT, to two stretches totaling 311 km in Maharashtra and Andhra Pradesh. This strategic shift allows NHAI to prepare for the launch of its first public InvIT, Raajmarg Infra Investment Trust (RIIT), expected by February. RIIT aims to raise Rs 7,000-8,000 crore by monetizing approximately 1500 km of highways over the next three to five years, opening investment opportunities to retail investors.
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