IndInfravit to buy 5 Indian road projects from Brookfield in $1.2 bn deal

India-based infra company Indinfravit is currently obtaining five Indian road projects from Canada-based major construction company Brookfield for a whopping $1.2bn

Construction of the Kanpur-Lucknow expressway is expected to start from December this year, as nearly 70 per cent of the land acquisition is complete.

Image used for representation

India's IndInfravit Trust said on Friday it would acquire five operational road projects from companies owned by Brookfield Asset Management's funds in a deal valued at about $1.2 billion, including debt, as it seeks to expand its road portfolio.
The deal with Canada's Brookfield will extend the infrastructure investment trust's presence into three more states, adding roads spread across 2,400 lane kilometres (kms).
It currently has a portfolio of 13 operational road assets with about 5,000 lane kms spread across five states.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Jun 10 2022 | 11:46 PM IST

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