Global Infrastructure Partners (GIP) is reportedly in talks with three potential buyers of Highway Concessions One Pvt. Ltd (HC1), a platform of seven Indian road assets.

Following the launch of the sale in December 2018, GIP has attracted the interest of Canada Pension Plan Investment Board (CPPIB), Caisse de depot et placement du Quebec (CDPQ) and National Investment and Infrastructure Fund (NIIF). The projected purchase price is US$700 million.

The HC1 platform comprises five toll roads and two annuity-based road projects located across seven Indian states. The assets are the following: Ulunderpet Expressways Pvt. Ltd in Tamil Nadu, Nirmal BOT Ltd in Telangana, Dewas Bhopal Corridor Pvt. Ltd, Bangalore Elevated Tollway Pvt. Ltd in Karnataka, Godhra Expressways Pvt Ltd in Gujarat, Jodhpur Pali Expressway Pvt. Ltd in Rajasthan and Shillong Expressway Pvt. Ltd in Meghalaya.