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.
この記事は The Hindu Business Line の December 12, 2019 版に掲載されています。
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この記事は The Hindu Business Line の December 12, 2019 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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