Cube Highways Trust Acquiring Seven Highway Assets

Cube Highways Trust set to procure 7 highway assets

Cube Highways Trust, managed by Cube Highways Fund Advisors, announced on Thursday its intention to acquire seven highway assets from Singapore-based Cube Highways and Infrastructure III and Cube Highways Infrastructure at an enterprise value of Rs 51.72 billion. The highway assets, comprising six hybrid annuity model (HAM) assets and one build-operate-transfer (BOT) asset, cover approximately 2,200 lane kilometres and are situated across Andhra Pradesh, Maharashtra, Telangana, and Tamil Nadu, as stated by Cube Highways Trust.

In a statement, Cube Highways Trust expressed, "Cube Highwa..

NHAI Picks Panikoili-Rimuli Stretch for Monetisation

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Highways to Progress

India’s journey in transforming its road infrastructure is a tale of evolution, innovation, and collaboration, reflecting a significant shift from traditional government-led projects to a dynamic, inclusive framework involving public-private partnerships (PPPs). This transformation, which spans over three decades, represents a pivotal chapter in India’s development, marking its transition into a modern economic powerhouse with a robust infrastructure at its core.

Traditionally, India’s road infrastructure development was predominantly managed by the government with funding sourc..

Emirates Group's dnata eyeing M&A deals

The CEO of dnata, part of the Emirates Group, mentioned that they were exploring merger and acquisition (M&A) opportunities in various industries and regions, including South America. He stated that they were in discussions with approximately 40 companies at any given time, with numerous deals nearing finalization. Chief Executive Steve Allen informed Reuters that their focus primarily lay on acquiring small to medium-sized businesses.

He emphasised South America as a significant growth market, highlighting countries like Brazil. Additionally, he remarked on the potential for consolida..

NHAI secures 164 insurance bonds for road projects

The National Highways Authority of India, as stated by the ministry of road transport and highways, announced that it had received 164 insurance surety bonds (ISB) so far. These bonds comprised 20 for performance security and 144 for bid securities.

According to a statement issued after a day-long workshop on the implementation of insurance surety bonds (ISB) for NHAI contracts, NHAI stated, "Around 700 insurance surety bonds valued at around Rs 30 billion have been issued by different insurance companies so far."

The workshop aimed to assess the progress made in implementing I..