Is NHAI Set to Launch Raajmarg Infra Investment Managers for Public InvIT Initiative?
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Synopsis
The NHAI is on the verge of launching Raajmarg Infra Investment Trust to enhance road asset monetisation and provide new investment opportunities. With a focus on retail investors, this initiative marks a significant step in the evolution of India’s highway infrastructure. Discover how this initiative could reshape public investment in national infrastructure!
Key Takeaways
- NHAI is launching the Raajmarg Infra Investment Trust to enhance asset monetisation.
- RIIMPL will serve as the Investment Manager for the InvIT.
- Investment opportunities aim to attract retail and domestic investors.
- First InvIT unit issuance is anticipated in February 2026.
- Robust governance standards will be established in line with SEBI regulations.
New Delhi, Nov 20 (NationPress) The National Highway Authority of India (NHAI) is gearing up to establish the Raajmarg Infra Investment Trust (RIIT) as a Public InvIT (Investment Trust). This initiative aims to enhance the monetisation of road assets and broaden investment prospects for the development of National Highway infrastructure, as announced by the Ministry of Road and Highways on Thursday.
In line with this initiative, NHAI has formed the Raajmarg Infra Investment Managers Private Limited (RIIMPL) to act as the Investment Manager for the planned InvIT.
RIIMPL is a collaborative effort with equity contributions from prominent banks and financial institutions, including 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, according to the ministry.
This partnership is designed to unlock the monetisation potential of National Highway assets while creating a premium, long-term investment product aimed primarily at retail and domestic investors.
“NRVVMK Rajendra Kumar, Member (Finance), NHAI, has been appointed as the Managing Director and CEO (Additional Charge) of the Investment Manager company,” the ministry noted.
“NHAI has built a strong record in asset monetisation. In recent years, we have successfully monetised assets worth Rs 48,995 crore using the Toll-Operate-Transfer (TOT) model and raised approximately Rs 43,638 crore across four rounds of Private InvITs, attracting significant domestic and international investors,” said NHAI Chairman, Santosh Kumar Yadav.
Over the next 3–5 years, about 1,500 km of completed and operational National Highways will be incorporated into the Public InvIT, creating substantial investment opportunities for the public, he added.
“I am confident that this initiative will signify a new era of public involvement in the development of National Highway infrastructure in our country,” he emphasized further.
RIIMPL will prioritize the establishment of robust governance standards, fully adhering to SEBI’s InvIT regulations, ensuring transparency, investor protection, and top-tier reporting and compliance frameworks.
The inaugural issuance of InvIT units for retail and public investors is anticipated to be launched in February 2026.
Point of View
It is crucial to acknowledge the positive implications of the NHAI's initiative. Establishing the Raajmarg Infra Investment Managers signifies a proactive approach to asset monetisation, which can enhance public investment in infrastructure. This development aligns with the growing need for innovative financing solutions in the country's highway sector.
NationPress
20/11/2025
Frequently Asked Questions
What is Raajmarg Infra Investment Trust?
Raajmarg Infra Investment Trust (RIIT) is a Public InvIT established by NHAI to enhance road asset monetisation and provide investment opportunities in National Highway infrastructure.
Who manages the Raajmarg Infra Investment Trust?
The Raajmarg Infra Investment Managers Private Limited (RIIMPL) has been appointed as the Investment Manager for the RIIT.
When will the first InvIT units be issued?
The first issuance of InvIT units for retail and public investors is expected to launch in February 2026.
What is the goal of the NHAI's initiative?
The goal is to unlock the monetisation potential of National Highway assets and create a high-quality investment product targeting retail and domestic investors.
Which banks are involved in the RIIMPL?
The RIIMPL includes equity participation from major banks such as State Bank of India, Punjab National Bank, Axis Bank, HDFC Bank, among others.
