New Delhi, Jan 2 (IANS) The National Highways Authority of India (NHAI) on Friday said that its Infrastructure Investment Trust (InvIT) — Raajmarg Infra Investment Trust (RIIT) — has received AAA (Stable) rating for long-term bank facilities by CARE Ratings Limited.The top-tier rating underscores the high degree of safety and reliability offered by RIIT’s debt instruments, making it among the most secure investment options available to investors.“This milestone reinforces RIIT’s position…
Latest Ministry of Road Transport and Highways News & Updates
New Delhi, Jan 1 (IANS) The National Highways Authority of India (NHAI) on Thursday announced to discontinue the Know Your Vehicle (KYV) process for cars for all new FASTag issuances, with effect from February 1, 2026.This is a major step to enhance public convenience and eliminate post-activation harassment faced by highway users of cars, jeeps and vans.“This reform will bring significant relief to lakhs of common road users who were facing inconvenience and delays after FASTag activation due…
New Delhi, Dec 30 (IANS) India’s road network has expanded at a rapid pace in the last 11 years to become the world’s second-largest, with national highways spanning across a length of 1,46,560 km in the country, it was announced on Tuesday.The Government has strengthened the National Highways network through flagship programmes such as Bharatmala Pariyojana (including the subsumed NHDP), SARDP-NE, LWE Road Development Programme (including the Vijayawada–Ranchi Road), and Externally Aided …
Raipur, Dec 29 (IANS) The Enforcement Directorate (ED) carried out simultaneous raids at nine locations across Raipur and Mahasamund districts in Chhattisgarh in early this morning as part of a money laundering probe into alleged irregularities in compensation payments for land acquisition under the Bharatmala Project. According to sources, teams arrived at various premises linked to private individuals, their associates, and certain government officials. The operation, conducted under the provi…
New Delhi, Dec 24 (IANS) The National Highways Authority of India (NHAI) on Wednesday said it has received approval from the Securities and Exchange Board of India (SEBI) for Raajmarg Infra Investment Trust (RIIT) as a Public Infrastructure Investment Trust (InvIT).According to Ministry of Road Transport and Highways, the Public InvIT aims to unlock monetisation potential of the National Highway assets while creating a high-quality, long-term investment instrument primarily targeting retail and …