Private Equity

PE Fund Investments

CDPQ unit acquires NCR's Eastern Peripheral Expressway for Rs.6,267-Cr

Economic Times  

Maple Highways, the India-focused road investment unit of Canadian pension firm CDPQ, has acquired the Eastern Peripheral Expressway (EPE) that encircles the National Capital Region (NCR), for INR 6,267 crore as a “toll operate transfer” (TOT) project from the National Highways Authority of India (NHAI). The 135-kilometre, six-lane express highway has been in operation since 2018 and was designed to decongest Delhi of commercial traffic, and runs through the states of Haryana and Uttar Pradesh down the eastern side of the NCR. Popularly known as National Expressway 2, EPE is India's first Intelligent Transport System (ITS) enabled road. It has a closed loop tolling system and 99% of its revenue is collected through electronic tolling, using the interoperable RFID tag ("FASTag"). Earlier this year, Maple Highways also completed the acquisition of the Shree Jagannath Expressway, a 67-kilometre toll road project from Bhubaneswar to Chandikhole, in Odisha, eastern India. The 135-kilometre, six-lane express highway has been in operation since 2018 and was designed to decongest Delhi of commercial traffic, and runs through the states of Haryana and Uttar Pradesh down the eastern side of the NCR. Popularly known as National Expressway 2, EPE is India's first Intelligent Transport System (ITS) enabled road. It has a closed loop tolling system and 99% of its revenue is collected through electronic tolling, using the interoperable RFID tag ("FASTag"). Earlier this year, Maple Highways also completed the acquisition of the Shree Jagannath Expressway, a 67-kilometre toll road project from Bhubaneswar to Chandikhole, in Odisha, eastern India.