Canadian funds to stay interested in India’s highway projects
While India and Canada may spar on the political and diplomatic front, Canadian investment funds Ontario Teachers’ Pension Plan and Canada Pension Plan Investment Board are expected to continue their support for the highway monetisation programme by maintaining their holding in National Highways Infra Trust (NHIT) at 50% as it goes on to acquire new highway stretches from National Highways Authority of India (NHAI).
Till the end of this financial year, NHIT has identified for takeover of 12 highway stretches of 985 km length from NHAI which could require a total investment of Rs 13,000 crore.
