Ashoka Concessions Resumes Talks to Sell Toll Road Assets

CDPQ and Actis Compete for Ashoka Concessions BOT Road Assets

In a significant development in the infrastructure investment sector, CDPQ and Actis are locked in fierce competition to acquire the BOT (Build-Operate-Transfer) road assets of Ashoka Concessions. These prominent investment firms are strategically positioning themselves to seize control of key road infrastructure projects, eyeing lucrative opportunities in India's growing transport network. The assets in question encompass a portfolio of roads and highways, crucial components of the country's transportation backbone. This bidding war signifies the attractiveness of India's infrastructure marke..

Sekura in talks to purchase Ashoka Buildcon's $670M road assets

Sekura, which is an infrastructure platform owned by the Edelweiss Infrastructure Yield fund, has entered into exclusive negotiations for the acquisition of a portfolio of 11 HAM road projects from Ashoka Concessions, a division of Ashoka Buildcon, for approximately $670 million.

The Ashoka roads portfolio has garnered interest from various bidders, including KKR, Sekura, Cube Highways, and Shrem InvIT. The estimated enterprise value of the portfolio is around Rs 55 billion with an equity value of up to Rs 13 billion. EY is advising Ashoka Buildcon on the sale process.

Out o..

Edelweiss’s Sekura Roads acquires Thrissur Expressway for Rs 8 bn

According to several sources familiar with the matter, Sekura Roads, backed by Edelweiss, is preparing to acquire Thrissur Expressway (TEL), a 28-kilometer road asset owned by KMC Constructions, in a deal valued at Rs 8 billion. Currently, KMC Infratech holds approximately 90 per cent equity stake in TEL, while China Railway 18th Bureau Group Corporation Limited (CR18G) holds the remaining 10 per cent.

In 2021, the India Resurgence Fund, promoted by Piramal Enterprises and Bain Capital Credit, invested Rs 5.55 billion ($75 million) in Thrissur Expressway to restructure TEL's exist..

NHAI to Offer 12 TOT Bundles

The National Highways Authority of India (NHAI) is gearing up to offer 12 Toll-Operate-Transfer (TOT) bundles this year, aiming to enhance its asset monetisation strategy. These bundles, totalling hundreds of kilometres of national highways, will invite private sector participation to operate and maintain these road stretches.

The TOT model has proven effective in unlocking significant value from India's road infrastructure, providing NHAI with necessary funds to reinvest in further development. Recent TOT awards, including bundles 11 and 12, secured Rs 6,584 crore, covering key stret..

Pune-Mumbai Travel Shortens: Cable Stayed Bridge Completion by 2025

Travelling between Pune and Mumbai is set to become faster and more convenient with the anticipated completion of a cable-stayed bridge by March 2025. This infrastructure marvel promises to significantly reduce travel time, easing the journey for commuters and enhancing connectivity between the two bustling cities. The cable-stayed bridge, with its sleek and modern design, is poised to become a symbol of technological advancement and architectural prowess in the region.

Once operational, the bridge will offer commuters a seamless experience, bypassing congested routes and reducing trav..