Shri. Nitin Gadkari, Union Minister of Road Transport and Highways of India, along with Smt. Alka Upadhyaya, Secretary MoRTH & Chairperson, NHAI hitting Gong and Mr. Suresh Goyal, MD & CEO, National Highway Infra Trust, at Listing Ceremony of National Highway Infra Trust NCD at BSE, in Mumbai – photo by GNI
Mumbai, 28 October, 2022 (GNI): NHAI’s Infrastructure Investment Trust (InvIT) has been listed on the stock exchange BSE today Friday 28th October. Minister of Road Transport & Highways Nitin Gadkari rang the bell at the opening ceremony to mark the beginning for public participation in infra funding. The InvIT witnessed a healthy investor response to the maiden public NCD issuance. The issue had opened on October 17.
Shri. Nitin Gadkari, Union Minister of Road Transport and Highways of India, with Smt. Alka Upadhyaya, Secretary MoRTH & Chairperson, NHAI and other dignitaries poses at the bull during Listing Ceremony of National Highway Infra Trust NCD at the main gate of BSE in Mumbai – photo by GNI
Union Minister for Roads and Highways Nitin Gadkari has assured investors that the National Highways Authority of India has enough funds to increase the pace of road building.
Addressing to the media at the listing ceremony of the National Highways Infra Trust’s non-convertible debentures, he referred to the NHAI as gold and said that there is no shortfall of funds for infrastructure development in India.
Gadkari’s statement comes when the pace of road construction has fallen to nearly 17 km a day in India, when the government is aiming to build 40 km of roadways a day.
The Union Minister also commented that the government will soon come out with investment opportunities for retail investors in road infrastructure projects, where investors will also be allowed to collect returns on a monthly basis.
NHAI Chairman Alka Upadhyaya also said that the NHAI has gained confidence after the first round of asset monetisation of roads and is optimistic about the second round of asset monetisation from the road segment.
Further she added that there are some concerns around the operations and maintenance of roads in India that need to be addressed.ends GNI
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