Cube Highways emerges top bidder in Indian highways authority's auction

Cube Highways emerges top bidder in Indian highways authority's auction

Highway in Madurai, Tamil Nadu, India. Photo: Ipsita Ray/DEALSTREETASIA

Road developer Cube Highways and Infrastructure, which is backed by global infrastructure fund I Squared Capital, on Monday emerged as the highest bidder for the National Highways Authority of India’s (NHAI) second bundle of roads under the toll-operate-transfer (TOT) model, said two people aware of the development.

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