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JSA advised NHAI on the award of concessions for InVIT Round 3

Deal
April 30, 2024

JSA advised National Highways Authority of India on the successful award of concessions for round 3 of its InVIT monetization initiative. The assignment involved assisting in preparing the concession agreements for each project bundle, which combined comprised 10 stretches with an aggregate length of about 890 km. JSA also advised on satisfying the conditions precedent, and achieving the ‘appointed date’ in respect of each concession agreement.

The monetization initiative resulted in raising INR 15,624.9 crore (USD 1.8 billion), the highest ever monetization value. Along with earlier TOT and InVIT rounds, JSA has now advised NHAI in respect of over USD 2.5 billion of monetization initiatives.

Deal value: USD 1.8 billion

Our Transaction Team Comprised Lead Partner – Vishnu Sudarsan, Partner – Kartikeya GS, and Associate – Siddhant Thakar

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Tags Construction, InvIT, JSA, Leading Law Firm, Leading Lawyers, NHAI

Kartikeya G.S. Partner

Kartikeya specializes in projects, regulatory and policy related work in the infrastructure sector.

Siddhant Thakar Junior Associate

Siddhant’s practice area covers diverse areas of projects, regulatory, corporate and commercial work in the infrastructure sector. His areas of focus include energy, transportation, construction and engineering, and other infrastructure projects.

Vishnu P. Sudarsan Partner

Vishnu’s practice covers diverse areas of Corporate Commercial and Regulatory & Policy. He focuses on advising clients across different verticals viz, Energy (Power), Communications (Telecommunications & Broadcasting), Transport (Surface Transport including Railways & Metro systems), and Urban Infrastructure.