chemistry today magazine Published this article page no 84 ROAD INFRASTRUCTURE FUNDING Why in news? National Highway Authority of India (NHAI) recently unveiled the Infrastructure Investment Trust (InvITs) roadmap. More on news Union Cabinet in December 2019 authorised NHAI to set up InvIT. o The trust enabled the NHAI to monetise completed national highways with toll collection record of at least one year and meet its funding requirements. Now NHAI will initially raise 1500020000 crore in its maiden InvIT offer and then go for a larger round. It is part of the governments plans to tap alternative sources of financing to boost public spending in the roads and infrastructure sector amid declining private sector interest in the build operate and transfer model where the entire initial cost is borne by them. 33 Infrastructure Investment Trust (InvITs) for NHAI These are investment scheme similar to mutual funds that allow investment from individuals and institutional investors in infrastructure projects to earn a portion of the income as return. NHAIs InvIT will be a trust established under the Indian Trust Act 1882 and Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations 2014 chemistry today magazine buy.
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