NHAI Infrastructure Trust
"Channelling institutional capital into India's national highway network — one of the world's largest infrastructure programmes."
About NHAI Infrastructure Trust
NHAI Infrastructure Trust is the investment vehicle through which the National Highways Authority of India (NHAI) channels institutional capital into India's national highway development programme. As a Category I AIF Infrastructure Fund, it invests in Hybrid Annuity Model (HAM) and Build-Operate-Transfer (BOT) road projects, offering investors exposure to government-backed annuity payments over concession periods of 15–30 years.
The trust provides investors with inflation-linked cash flows underpinned by the sovereign credit of NHAI — a government of India undertaking. With India's highway construction pace exceeding 40 km/day and a pipeline of over ₹10 lakh crore in planned expenditure under PM Gati Shakti, the trust offers a compelling long-duration yield opportunity for institutions seeking infrastructure exposure within the SEBI-regulated AIF framework.
Key Attributes
- verified_userSEBI Registration IN/AIF1/18-19/0489
- location_cityHeadquarters G-5 & 6, Sector 10, Dwarka, Near Dwarka Sector 10 Metro Station, New Delhi – 110075, Delhi
- groupsInvestment Team 45 Investment Professionals
- publicInvestor Base Domestic & Global Institutions
- gavelProducts AIF Category I – Infrastructure Fund
- workspace_premiumMemberships IVCA Member since 2019
Investment Approach
Sovereign-Backed Long-Duration Yield
The trust's investment philosophy is straightforward: deploy capital into government-backed highway concessions where annuity payments are contractually guaranteed by NHAI, insulating investors from traffic volume risk while providing inflation-linked returns.
Annuity Security
HAM project investments carry bi-annual NHAI annuity payments, effectively collateralised by the sovereign, providing CRISIL AAA-equivalent credit quality.
Long Duration
15–30 year concession periods align with the liability profiles of pension funds, insurance companies, and endowments seeking long-duration, predictable cash flows.
Project Selection
Only NHAI-approved projects with completed environmental clearances, land acquisition >90%, and appointed date achieved are eligible for investment.
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