KKR to take over 7 highway proj in India
New Delhi: Global investment player KKR will soon take over Global Infrastructure Partners’ seven highway assets in India totaling 487 kms, apart from whole interest in Highway Concessions One (HC1).
HC1 is a platform consisting of GIP’s road portfolio in India. The seven highway projects are in Karnataka, Gujarat, Meghalaya, Madhya Pradesh, Rajasthan, Telangna and Tamil Nadu. GIP is a kind of investment fund making equity and certain debt investments in infrastructure sector.
This is going to be KKR’s maiden investment in Asia’s transport sector, it said in a statement.
“Roads are one of the largest and most crucial infrastructure assets in India....We are truly excited to invest in a high-quality platform, and through HC1, play a part in India's transport infrastructure,” Hardik Shah, managing director (MD) and head of India infrastructure at KKR, said.