Singapore-based company Cube Highways and Infrastructure Pte. Ltd., one of India’s leading owners and operators of highways, announced the signing of definitive agreements for a minority stake sale to an entity that is wholly-owned by the Abu Dhabi Investment Authority.
In addition, shareholders of Cube Highways will look to invest up to $1 billion in new capital toward the acquisition of additional roads and highways, as well as new platform company investments in areas such NHAI’s Toll-Operate-Transfer (TOT) program, Hybrid Annuity Model (HAM) and other areas.
Cube Highways is an independent, professionally managed roads and highways platform that owns and operates more than 1,300 lane-kilometers of highways in India. Formed by I Squared Capital and the International Finance Corp. (IFC), Cube Highways leverages the extensive transportation experience of its executive and engineering teams to manage a diverse portfolio of toll and annuity based roads, including the first AAA (SO) rated NHAI toll road in the country.
Cube Highways and Infrastructure Pte. Ltd. is a Singapore-based company investing in road and highway projects, along with select other infrastructure sectors in India.
