HICL Infrastructure Company Limited (HICL) has agreed to dispose of 30% of its equity interests in the US Northwest Parkway toll-road project (NWP) for a consideration of approximately US$ 86 million.

HICL will retain a 23.3% equity interest and its governance rights at the asset level board. This transaction is expected to enhance HICL’s track record of achieving capital growth through selective and disciplined asset realizations, which is a key pillar of the company’s growth and funding strategy. The proceeds from the sale will be reinvested in the company’s investment in French fiber-to-the-home platform Altitude Infra. It is a long-term investor in infrastructure assets that are predominantly operational and yield steady returns.