The Hindu Business Line

NIIF, European transport infra operator to invest up to $2 b in road sector


ROADIS, European transport infrastruc­ture operator, and the National Investment and Infrastruc­ture Fund (NIIF), a fund whose anchor investor is the government, will invest up to $2 billion of equity in road projects through a common platform, according to a joint statement issued on Wednesday.

They will target ‘Toll Operate Transfer’ model projects, acquisitio­n of existing road contracts and investment opportunit­ies in the road sector.

ROADIS, with 710 km of highways under ownership and management, is the largest European highway concession manager in India and is a wholly-owned subsidiary of the Public Sector Pension Investment Board (PSP Investment­s), one of Canada’s largest pension funds.

This jointly-held platform will benefit from the expertise and value creation capabiliti­es of both ROADIS and NIIF. The platform intends to operate the roads portfolio with the highest global standards, while creating maximum value for the shareholde­rs.

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