The National Highways Authority of India (NHAI) expects to get Cabinet nod for floating its infrastructure investment trust (InvIT) in two to three months, its Chairman N N Sinha said on July 10.
To fund the country's ambitious highways building plans, including Bharatmala, NHAI also plans to mobilise Rs 75,000 crore from the market this fiscal, he said.
"This is the first time we are attempting something like this (InvIT) so cannot say firmly when the trust will take shape. We expect to get Cabinet approval in two to three months and implementation will take four to five months," Sinha said on the sidelines of an event here.
He said the NHAI board has already approved the InvIT and talks are on with market regulator SEBI for its approval.