National Investment and Infrastructure Fund (NIIF) and PSP Investment owned ROADIS will together create a platform to invest $2 billion in road projects, the two entities said in a joint statement.
“The platform will invest up to $ 2 billion of equity to target Toll Operate Transfer (TOT) models, acquisitions of existing road concessions and investment opportunities in the road sector with the aim of creating a large roads platform in the country,” the statement said.
ROADIS currently manages 1,892 kilometers of highways, divided among ten concessions in Mexico, Brazil, Spain, Portugal and India. According to the company’s 2017 annual report, it manages 710 KM of highways in India. NIIF is a fund manager that invests in infrastructure and related sectors in India and is anchored by the Indian government.
