NIIF-Roadies platform to invest $2 billion in roads
The National Investment and Infrastructure Fund (NIIF) and global transport infrastructure operator Roadis on Wednesday said they would jointly set up a platform to invest up to $2 billion of equity in road projects in India.
The platform would “target toll-operate-transfer models and acquisitions of existing road concessions”, they said in a statement.
After moving at a slow pace for over two years since its inception in December 2015, NIIF has tied up with several investors and is bidding for assets. Recently, it was weighing a plan to invest in debt-laden Jet Airways.
