Race for IVRCL-backed road project includes Adani arm and others `
ROADS & HIGHWAYS

Race for IVRCL-backed road project includes Adani arm and others `

Adani Road Transport, Silver Point Capital, Cube Highways, and Kotak Investments Advisors are vying for the special purpose vehicle (SPV) promoted by IVRCL that owns the IVRCL Chengapalli Tollways.

The bankruptcy court acknowledged the tollway's insolvency in April, and now insolvency proceedings are underway.

The other two applicants to submit expressions of interest were Global Infrastructure Partners (GIP) India and Highways Infrastructure Trust (HIT).

Global investment fund KKR developed the road infrastructure investment trust HIT, and the global infrastructure fund GIP. SPCL Luxembourg Advisors, a Silver Point affiliate, has made an expression of interest.

Also read:
IRF to conduct audit of Ahmedabad-Mumbai highway
Construction begins on Kompally NH extension


Adani Road Transport, Silver Point Capital, Cube Highways, and Kotak Investments Advisors are vying for the special purpose vehicle (SPV) promoted by IVRCL that owns the IVRCL Chengapalli Tollways. The bankruptcy court acknowledged the tollway's insolvency in April, and now insolvency proceedings are underway. The other two applicants to submit expressions of interest were Global Infrastructure Partners (GIP) India and Highways Infrastructure Trust (HIT). Global investment fund KKR developed the road infrastructure investment trust HIT, and the global infrastructure fund GIP. SPCL Luxembourg Advisors, a Silver Point affiliate, has made an expression of interest. Also read: IRF to conduct audit of Ahmedabad-Mumbai highwayConstruction begins on Kompally NH extension

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