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EAAA Alternatives acquires 2 toll road assets in TN for Rs.2,259-Cr

Business Standard   Infrastructure Yield Strategy  

EAAA Alternatives-managed Infrastructure Yield Strategy , through its portfolio company Epic Concessions 2, has signed concession agreements with the National Highways Authority of India (NHAI) for two toll road stretches in Tamil Nadu for INR 2,259 crore. The 20-year concession agreements cover the Thanjavur-Trichy and Madurai-Tuticorin stretches, spanning 170 kilometres.The acquired assets were awarded under the Toll, Operate, Transfer (TOT) programme. The company intends to use its investment thesis to focus on acquiring operating assets, value creation through asset management, and sustainable development.