New Delhi: The National Highways Authority of India (NHAI) is moving ahead with the creation of the Raajmarg Infra Investment Trust (RIIT) as a Public InvIT (Infrastructure Investment Trust) to strengthen road asset monetisation and broaden investment avenues for National Highway development, the Ministry of Road Transport and Highways said on Thursday.

As part of the initiative, NHAI has incorporated Raajmarg Infra Investment Managers Private Limited (RIIMPL) as the Investment Manager for the proposed InvIT.

RIIMPL is a collaborative venture with equity participation from major banks and financial institutions, including the 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 ministry

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