en.Wedoany.com Report on Mar 28th, VINCI Highways recently agreed to acquire Macquarie Asset Management's Indian toll-operate-transfer (TOT) road assets at an enterprise value of approximately INR 150 billion (about USD 1.6 billion). The transaction involves nine toll road projects, totaling about 648 kilometers, located in Andhra Pradesh and Gujarat, all held by Safeway Concessions Private Limited. These toll roads were part of the first TOT auction conducted by the National Highways Authority of India, for which Macquarie initially paid INR 96.81 billion in 2018.

Other bidders for this toll road asset portfolio included Edelweiss-backed Sekura Roads and KKR-backed Vertis Infrastructure Trust. This acquisition by VINCI Highways will further expand its business footprint in the Indian toll road sector. Through this transaction, VINCI Highways will gain high-quality toll road assets with stable cash flows within India's national highway network, all located in the economically active states of Andhra Pradesh and Gujarat.

The deal reflects the continued interest of international investors in Indian toll road assets. As a leading global transportation infrastructure operator, this acquisition will provide VINCI Highways with a significant platform for its development in the Indian market. Following the completion of the transaction, VINCI Highways will be responsible for the operation and maintenance of these toll roads, aiming to enhance asset value and service quality through professional management.