KNR Walayar Tollways Acquisition by Cube Highways
Sector: Road • Location: Walayar and Vadakkancherry, India
Source: Highways Today
Cube Highways III, a portfolio company of I Squared Capital through its ISQ Global Infrastructure Fund II, has acquired 100 percent of KNR Walayar Tollways Private Limited (KWTPL), an operating toll road in the state of Kerala, India, from KNR Constructions Limited. KWTPL operates a 53.5-kilometer, four-lane toll road connecting Walayar and Vadakkancherry in Kerala. The project was awarded a 20-ye
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Status
Original status | ongoing |
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Description
Description | Cube Highways III, a portfolio company of I Squared Capital through its ISQ Global Infrastructure Fund II, has acquired 100 percent of KNR Walayar Tollways Private Limited (KWTPL), an operating toll road in the state of Kerala, India, from KNR Constructions Limited. KWTPL operates a 53.5-kilometer, four-lane toll road connecting Walayar and Vadakkancherry in Kerala. The project was awarded a 20-year concession in 2012 and has been operational since May 2015. The road forms a critical part of National Highway-47, connecting major cities in Tamil Nadu and Kerala. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Data quality score | 100% |
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