Macquarie, Italy’s Atlantia, Brookfield look to bid for India’s toll road assets

Since 2005, 86 PEs have invested $2.9 billion in highways—there have been only been eight exits worth $25 million. Photo: Pradeep Gaur/Mint

Macquarie Group, Canada’s Brookfield Asset Management Inc. and Italy’s infrastructure investment firm Atlantia SpA are looking to bid for the second round of auction for toll-operate-transfer rights (TOT) of public road projects, said two people aware of the development. The three companies are in the process of conducting due diligence on the assets, which have been put up for auction by the National Highways Authority of India (NHAI), said the people cited above, requesting anonymity.

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