Highway Infrastructure Trust has signed definitive agreements with PNC Infratech Ltd and PNC Infra Holdings Ltd for acquisition of 12 road projects at an enterprise value of Rs 9,005.7 crore.
The target portfolio comprise 11 Hybrid Annuity (HAM) concessions from NHAI and 1 toll road concession from Uttar Pradesh State Highways Authority (UPSHA) and represents about 3,800 lane kms in the states of Rajasthan, Uttar Pradesh, Madhya Pradesh and Karnataka, Highway Infrastructure Trust (HIT) said in a statement.
