NIIF to step into national highways with Rs 15,000 crore investment

National Investment and Infrastructure Fund (NIIF) will invest Rs 15,000 crore in equity for the marquee Delhi-Mumbai expressway project.

NHAI signed a memorandum of understanding with NIIF for the investment on Monday. This equity investment would be leveraged to raise close to Rs 50,000 crore debt.

According to a Business Standard report, the total project cost is approximately Rs 70,000 crore and the entire construction risk would be borne by the National Highways Authority of India (NHAI).

This arrangement essentially means that the ownership of the project that is planned along the lines of new alignments would be with the NIIF.

Image Credit : Realty

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