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.