NIIF set to make national highway debut with Rs 15,000-crore investment

In a major greenfield investment, the National Investment and Infrastructure Fund (NIIF) would be investing Rs 15,000 crore in equity for the marquee Delhi-Mumbai expressway project.
 
This equity investment would be leveraged to raise close to Rs 50,000-crore debt.
 
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.
 
It is learnt that foreign sovereign funds are willing