Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 344

Cube Highways to Acquire Delhi-Agra Toll Road from Reliance Infrastructure

Posted by fidest press agency su giovedì, 21 marzo 2019

Cube Highways and Infrastructure III Pte. Ltd., an affiliate of Cube Highways and a portfolio company of I Squared Capital through its ISQ Global Infrastructure Fund II, has entered into an agreement with Reliance Infrastructure Limited to acquire a 100 percent stake of DA Toll Road Private Limited (DATRPL), a toll road in the state of Haryana/Uttar Pradesh, India. Following the transaction, the Cube Highways group portfolio will have over 4,500 lane-kilometers of highways across India. DATRPL operates the 180-kilometer, six-lane toll road connecting the national capital, Delhi, with Agra on National Highway (NH) 2. The road is a 26-year concession, granted in 2010, for strengthening and widening the four-lane highway to a six-lane configuration and began collecting tolls in October 2012.
“We are pleased to expand our presence in the Indian highway sector with the acquisition of another quality asset. This investment reinforces Cube Highways’ position as a leading player in the Indian highway sector and furthers its disciplined growth plan of acquiring strategically located roads from leading construction companies and developers,” said Gautam Bhandari, Director of Cube Highways and Partner, I Squared Capital.“DATRPL forms a core part of NH 2, a main artery of the national highways network connecting North to East and Central India. The road has robust growth potential as it connects major industrial and tourist centers in North India including Delhi, Faridabad, Mathura and Agra. We anticipate even further growth following completion the entire NH 2 road project,” said Dr. Harikishan Reddy, CEO of Cube Highways Advisors.

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