Global investment firm KKR on Monday said it will acquire Global Infrastructure Partners’ (GIP’s) entire interest in Highway Concessions One (HC1) and seven highway assets with a total length of 487 kms.
HC1 is a platform in India that manages GIP’s road portfolio. These projects span across seven states, including Gujarat, Karnataka, Madhya Pradesh, Meghalaya, Rajasthan, Tamil Nadu, and Telangana.
GIP is an infrastructure investment fund making equity and selected debt investments.
This is KKR’s maiden investment in the transport sector in Asia. With this acquisition, it aims to strengthen and expand India’s National Highway network, which serves about 40 per cent of total traffic. However, it accounts for only 2 per cent of the country’s road network, it said in a statement.
