NHAI Accepts National Highways Infra Trust offer to Acquire Two National Highway Assets

India, Feb. 16 -- The Government of India has issued a release:

NHAI has accepted the offer of 'National Highways Infra Trust' (NHIT) amounting to Rs. 6,220.90 crores towards asset monetization of two National Highway sections spanning over 310.35 km across two States of Maharashtra and Andhra Pradesh. The monetized assets include 255.97 km long Amravati-Chikhali-Tarsod section of NH-53 in Maharashtra and 54.38 km long Gundugolanu- Chinna - Avutapalli section of NH-16 inAndhra Pradesh.

Commenting on the occasion, Shri Santosh Kumar Yadav, Chairman, NHAI, said, "InvITis playing a critical role in channelizing financial capital for further development of National Highway network across the country. With this award, total assets monetized th...