Paving Profits: Public InvIT launch lets citizens invest in India’s road future

Expanding investor base for national highways  
The National Highways Authority of India (NHAI) has confirmed plans to launch its maiden public InvIT, Raajmarg Infra Investment Trust, early next year. This marks a shift from earlier private InvITs, opening the door for retail participation in India’s highway monetization program. NHAI has incorporated Raajmarg Infra Investment Managers Pvt Ltd (RIIMPL) as the investment manager, with equity participation from major financial institutions including SBI, PNB, Axis Bank, HDFC Bank, ICICI Bank, Bajaj Finserv Ventures, and NaBFID. The trust is expected to monetize around 1,500 km of highways over the next 3–5 years, generating steady returns for investors while strengthening infrastructure financing.  

Notable updates  

• Public InvIT launch scheduled for February 2026  
• Managed by Raajmarg Infra Investment Trust (RIIT) under NHAI  
• RIIMPL set up as investment manager with backing from leading banks and institutions  
• Target to monetize ~1,500 km of highways in 3–5 years  
• Retail, pension, and domestic institutional investors to gain direct access to highway assets  

Major takeaway  
The public InvIT represents a landmark step in democratizing infrastructure investment, allowing retail investors to participate in India’s highway growth story while diversifying funding sources for NHAI.  

Sources: Livemint, Swarajya, Economic Times