ROADIS & NIIF

Question: Consider the following statement:
(1) A platform created jointly by ROADIS and National Investment and Infrastructure Fund (NIIF) will invest up to USD 2 billion in highways projects in country
(2) ROADIS is a wholly-owned subsidiary of the Public Sector Pension Investment Board (one of Canada’s largest pension investment managers
of the above correct statement/s is / are:
(a) Only(1)
(b) Only(2)
(c) Both (1) and(2)
(d) All the above
Answer: (c)
Related facts:

  • ROADIS and the National Investment and Infrastructure Fund (NIIF) of India announced the creation of a platform that will invest in road projects in India.
  • The platform will invest up to USD 2 billion of equity to target Toll Operate Transfer models, acquisitions of existing road concessions and investment opportunities in the road sector with the aim of creating a large roads platform in the country.
  • With 710 km of highways under ownership and management, ROADIS is the largest European highway concession manager in India.
  • This jointly-held platform will benefit from the expertise and value creation capabilities of both ROADIS and NIIF.
  • With strong investment and operational expertise, the platform intends to operate the roads portfolio with the highest global standards, while creating maximum value for the shareholders.
  • The road network is a key enabler for the Indian economy to grow and sustain its position as the fastest growing major economy in the world, and this provides significant upside potential for investments, while creating value for users.

ROADIS

  • It is a leading multinational developer, operator and manager of highway concessions.
  • It is a wholly-owned subsidiary of the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers.
  • It currently manages 1,892 kilometers of highways, divided among ten concessions in Mexico, Brazil, Spain, Portugal and India.
  • It is also a shareholder in Wind Energy Transmission Texas (WETT), an electricity transmission line in the United States.

National Investment and Infrastructure Fund (NIIF)

  • An institution anchored by the Government of India, NIIF is a collaborative investment platform for international and Indian investors with a mandate to invest equity capital in domestic infrastructure.

Links:
http://www.roadis.com/en/communication/press-releases/roadis-and-niif-partner-to-create-platform-for-investment-in-road-sector.html?idCategoria=0&fechaDesde=&texto=&fechaHasta=&csrfToken=58E026159242B661EBDF62CD041778C3