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With #India's Ministry of Road Transport and Highways setting out plans for INR22 trillion (US$262 billion) in infrastructure investment up to FY2031/32, the Indian roads sector continues to be one of the world’s fastest growing infrastructure markets. Since 2011, state-owned investors (SOIs) have plunged more than US$8 billion into the Indian roads sector, through co-investments and infrastructure investment trusts targeting unlisted assets, but this is set to accelerate. Ontario’s OMERS has been a minor player in the sector, channelling its investments through Interise – formerly known as IndInfravit Trust – since 2019. It is now looking to ramp up its exposure, acquiring a 13.5% stake in the trust from Allianz Capital, which raises its holding to 34.8% - Canadian peer CPP Investments | Investissements RPC holds 46% of the trust. The Indian government is planning to construct 30,600km of highways over the next seven years, including 18,000km of expressways and high-speed corridors, and decongest 4,000km of national highways around cities. The private sector is expected to foot 35% of the total investment, implying opportunities worth US$92 billion – averaging US$13 billion per annum. Global SWF examines investment plans by other state-owned investors in Indian roads, including PSP Investments, Abu Dhabi Investment Authority (ADIA), Mubadala, BCI and National Investment and Infrastructure Fund (NIIF): https://lnkd.in/eTbiqAtQ

Delhi's US$262bn Roads Plan Prompts Canadian Funds to Boost Exposure to Indian Highways (GlobalSWF)

Delhi's US$262bn Roads Plan Prompts Canadian Funds to Boost Exposure to Indian Highways (GlobalSWF)

globalswf.com

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