India unveils InvIT road map for national highways

India unveils InvIT road map for national highways

Nitin Gadkari said Shaktikanta Das assured that banks will fund projects up to 30 years subject to financial viability (Photo: PTI)

The National Highways Authority of India (NHAI) will initially raise 15,000-20,000 crore in its maiden InvIT offer and then go for a larger round, depending on the response it receives from investors, Union minister Nitin Gadkari said.