NIIF, Roadis to jointly invest $2b in road projects in India

NIIF, Roadis to jointly invest $2b in road projects in India

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

Infrastructure investment company Roadis and the National Investment and Infrastructure Fund (NIIF) have announced the creation of a platform that will invest in road projects in India.

The platform will invest up to $2 billion of equity to target toll-operate-transfer models, acquisition of existing road concessions and investment opportunities in the road sector with the aim of creating a large roads platform in the country, the companies said in a press release.

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