Major boost to roadways! Highway Infrastructure Trust expands reach with Rs 9,005.7 crore acquisition of 12 road projects
The Highway Infrastructure Trust (HIT) has finalised definitive agreements with PNC Infratech Ltd and PNC Infra Holdings Ltd for the acquisition of 12 road projects, marking a major stride in the infrastructure sector. The enterprise value of this strategic move stands at Rs 9,005.7 crore, signaling a robust commitment to enhancing the nation’s highway network.
Details of the project
According to a statement from Highway Infrastructure Trust, the targeted portfolio includes 11 Hybrid Annuity (HAM) concessions from the National Highways Authority of India (NHAI) and 1 toll road concession from the Uttar Pradesh State Highways Authority (UPSHA), spanning approximately 3,800 lane kilometers across Rajasthan, Uttar Pradesh, Madhya Pradesh, and Karnataka.
