Cube Highways to acquire Ghaziabad Aligarh Expressway
Cube Highways and Infrastructure Pte. Ltd. through its ISQ Global Infrastructure Fund I, has entered into an agreement to acquire a 100 % stake of Ghaziabad Aligarh Expressway Private Limited (GAEPL) from Bharat Road Network. GAEPL is an SPV responsible for operating toll road in the state of Uttar Pradesh, India.
GAEPL operates a 126-kilometer toll road connecting Ghaziabad with Aligarh. The road is a 24-year concession granted in 2011 for strengthening and widening the two-lane highway and began collecting tolls in June 2015.
Country updates
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April 07, 2021
Financial close achieved for Kolkata's sewage PPP project
WABAG, the project owner for Kolkata Metropolitan Development Authority's Hybrid Annuity Model (HAM) concession, has achieved financial close for the sewage treatment infrastructure project. The...
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April 05, 2021
Adani Transmission to acquire Warora-Kurnool Transmission Limited
Adani Transmission Limited (ATL) has signed agreements with Essel InfraProjects Limited (EIL) for the acquisition of Warora-Kurnool Transmission Limited (WKTL). WKTL has been awarded a conce...
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March 31, 2021
SPV incorporated for NH 151 expansion PPP in India
Dilip Buildcon has incorporated a special purpose vehicle (SPV) for Dhrol Bhadra Highways, a wholly-owned subsidiary of the company. The SPV is for the Expansion of the NH-151 highway PPP project...
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March 29, 2021
Power Grid signs agreement for acquisition of 74% stake in Jaypee Powergrid Ltd
Power Grid Corp. India Ltd (PGCIL) has signed a Share Purchase Agreement to acquire 74 % from Jaiprakash Power Ventures Limited (JPVL) in Jaypee Powergrid Ltd (JPL). JPL owns and operates a...
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March 25, 2021
Contract awarded for toll operate transfer road PPP project in Gujarat
Adani Road Transport, a wholly-owned subsidiary of Adani Group, has received a letter of acceptance for the toll operate transfer road project in Gujarat from the National Highways Authority of India....
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