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NIIF set to invest Rs.15,000-Cr in equity of Delhi-Mumbai expressway project

National Investment and Infrastructure Fund (NIIF) is to invest INR 15,000 crore as equity in the Delhi-Mumbai expressway project. This equity investment would be leveraged to raise close to INR 50,000 crore debt. The total project cost is approximately INR 70,000 crore and the entire construction risk would be borne by the National Highways Authority of India (NHAI). The proposed Delhi-Mumbai expressway would also be connected to the industrial city of Indore and an arm of the erstwhile Golden Quadrilateral.

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