To diversify its asset base, the National Investment and Infrastructure Fund (NIIF) has purchased a stake in the tunnel road Navayuga Quazigund Expressway in Jammu and Kashmir for around Rs.30.36 billion. This transaction diversifies the fund's asset base and broadens its portfolio. The exclusive roads platform of NIIF Master Fund, Athaang Infrastructure, will be in charge of managing the operating tunnel road. NHAI has awarded this project as one of the largest annuity projects on a BOT (build-operate-transfer) basis. NHAI makes regular, semi-annual payments to this project, ensuring steady and predictable cash flows.
Contact: National Investment and Infrastructure Fund
Website: www.niifindia.in
