CPP investment to acquire 25% stake in National Highways Infra Trust
Canada Pension Plan Investment Board (CPPIB) has announced the acquisition of 25% of the units in the National Highways Infra Trust, an infrastructure investment trust (InvIT) sponsored by the National Highways Authority of India (NHAI). The transaction is worth INR15,029 million (US$201 million).
The National Highways Infra Trust has been set up to acquire brownfield toll roads from NHAI, the Indian government agency responsible for developing, maintaining and managing national highways in India. The InvIT will be seeded with a portfolio of five brownfield operating toll roads, under 30-year concessions. The portfolio spans nearly 390 kilometers across four Indian states: Gujarat, Karnataka, Rajasthan and Telangana.
Country updates
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November 02, 2021
Cintra submits bid to acquire 24.90% stake in IRB infrastructure developers
Cintra, the toll road subsidiary of Ferrovial, has filed a bid to acquire up to 24.9% of IRB Infrastructure Developers. The transaction represents an investment of around EUR364 million (US$420.8...
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October 20, 2021
India selects developer for Nangalbibra - Bongaigaon transmission line PPP
The Government of India has awarded the Nangalbibra ─ Bongaigaoninter - state power transmission project to Sterlite Power. The project elements consist of a new 220/132 kV substation at Nangalb...
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October 04, 2021
AIIB to invest USD356.67 mn in metro PPP project in India
The Asian Infrastructure Investment Bank (AIIB) has approved a USD356.67 million loan to the Government of India for the expansion of the Chennai metro rail system.
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September 28, 2021
Adani Port completes acquisition of Gangavaram Port
Adani Ports and Special Economic Zone Ltd (APSEZ) has completed the acquisition of a 10.4% stake in Gangavaram Port (GPL) from the Government of Andhra Pradesh with consideration of INR6.45 billion (U...
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September 22, 2021
Adani wins power transmission concession in Madhya Pradesh
Adani Transmission Ltd has received the Letter of Intent (LoI) for the project MP Power Transmission Package-II Limited in India. The project consists of approximately 850 ckt km of Transmis...
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