The National Highways Authority of India (NHAI) has taken a major step to involve ordinary citizens in the country’s road-building story. It has launched a new company called Raajmarg Infra Investment Managers Pvt Ltd (RIIMPL), which will run a fresh public investment platform known as the Raajmarg Infra Investment Trust (RIIT).
This means that for the first time, people who use highways every day can also invest in them, just like buying units of a mutual fund and earn returns from toll revenues.
To guide this new initiative, some of India’s biggest financial institutions have joined hands. The list includes State Bank of India, Punjab National Bank, HDFC Bank, ICICI Bank, Axis Bank, IndusInd Bank, Yes Bank, NaBFID, and Bajaj Finserv Ventures. Together, they will help NHAI run this trust professionally and transparently.
NHAI’s Finance Member, NRVVMK Rajendra Kumar, has been appointed as the Managing Director and CEO of RIIMPL, reflecting the agency’s commitment to strong leadership from day one.
NHAI’s chairman, Santosh Kumar Yadav, described this as a natural next step in India’s road monetisation journey. Over the years, NHAI has developed a reputation for successfully converting highway assets into long-term revenue streams. It has already monetised assets worth nearly ₹49,000 crore through the toll-operate-transfer model and raised about ₹43,600 crore through private InvITs.
Now, with RIIT, a similar opportunity is being opened up for the public. NHAI plans to place around 1,500 km of fully built, operational national highways into this trust over the next three to five years. Since these roads are already generating toll income, the InvIT offers a stable investment option for retail buyers.
RIIMPL will run the trust according to strict SEBI InvIT regulations, ensuring transparency, accountability, and investor protection at every step.
If everything goes according to plan, the first public issue of units is expected in February 2026, allowing everyday investors, not just large funds, to buy a piece of India’s highway network.
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