Tata, Actis to invest $200 mn in road, highway projects

TRIL Roads Private Limited (TRPL), today said that it has signed an agreement with private equity investor, Actis, for a joint investment of $200-million in a private equity transaction.

TRIL will invest $122.5-million and Actis $77.5-million for roads and highway projects, a press release issued here stated. TRPL is a 100 per cent subsidiary of Tata Realty and Infrastructure (TRIL) and holding company for roads and highway projects.

Over the next few years, TRPL intends to execute and develop roads and highway projects aggregating around Rs 9,000 crore.

TRIL has a partnership with Atlantia, one of Europe's largest toll road operators, to bid for concessions to upgrade, operate and toll existing Indian roads and highways.

Actis is investing in TRIL Roads, a subsidiary of Tata Realty and Infrastructure Limited, which, itself is a 100 per cent subsidiary of Tata Sons.

TRIL's Chairman, R K Krishna Kumar, said, "we are delighted to welcome Actis as a partner in our roads business... We will bring world-class quality and safety standards for the Indian roads sector and strive to improve the quality of life for the common man."