Edelweiss arm EAAA Alternatives bags two NHAI toll roads for ₹2,259 crore
New Delhi: Epic Concessions 2 Pvt Ltd, a portfolio company of EAAA Alternatives’ Infrastructure Yield Strategy, has signed concession agreements with the Highways Authority of
New Delhi: Epic Concessions 2 Pvt Ltd, a portfolio company of EAAA Alternatives’ Infrastructure Yield Strategy, has signed concession agreements with the Highways Authority of India (NHAI) to take over two toll roads in Tamil Nadu for ₹2,259 crore. The two road stretches on NH-38 and NH-83 span 170 km across Thanjavur-Trichy and Madurai-Tuticorin. They were awarded under NHAI’s Toll, Operate, Transfer (TOT) programme — specifically TOT bundle 19 — with a concession period of 20 years. With these assets, the number of roads in EAAA’s infrastructure platform has increased to 26, comprising over 7,700 lane-kilometres across 17 states, including those for which binding agreements are in place.
Long term opportunities Amit Agarwal, chief executive of EAAA Alternatives, said, “India’s infrastructure sector continues to offer significant long-term opportunities for investors, supported by strong policy direction, growing economic activity and the need for high-quality transport networks. Our participation in TOT Bundle 19 reflects EAAA Alternatives’ continued commitment to deploying patient capital into large infrastructure assets.” “The strong investor interest in the recent public listing of EAAA TransInfra’sInvIT, CITIUS TransNet, also demonstrates the platform’s capabilities and commitment to India’s Infrastructure,” he added. Also Read | Centre to accelerate EV charging infra on 74 key highway routes Sreekumar Chatra, managing director–infrastructure funds, EAAA Alternatives, said, “The addition of these roads will expand our portfolio to 26 roads across 17 states, further strengthening our presence across geographies.
EAAA’s differentiated infrastructure investment thesis focuses on acquiring high-quality operating assets, value creation through active asset management, sustainable development, and delivering superior risk-adjusted returns to investors.” Monetizating assets NHAI has been monetizing operational assets to fund new road infrastructure development across the country. Under the TOT model, private entities are granted rights to operate and collect toll revenue from completed highways for a fixed concession period, usually ranging from 15 to 30 years, in exchange for a one-time upfront payment. Also Read | Govt to finalize toll rates, plaza locations before highway construction begins EAAA, the alternatives arm of Edelweiss, is a multi-strategy asset management alternatives platform in India.
The BriefWire