The Cabinet on Wednesday took a slew of decisions including giving its nod to the Ministry of Road Transport and Highways' proposal to authorize the National Highways Authority of India (NHAI) to set up an infrastructure investment trust (InvIT) to monetize completed National Highways.
The decision will enable NHAI to monetize completed national highways that have a toll collection track record of at least one year and NHAI reserves the right to levy a toll on the identified highway.
NHAI's InvIT will be a trust under the Indian Trust Act, 1882 and Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014. The InvIT will be formed with the objective of attracting investment in infrastructure projects. InvIT may hold assets either directly or through a special purpose vehicle or a holding, an official statement said.
Esta historia es de la edición December 12, 2019 de The Hindu Business Line.
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