Canadian funds to be drawn in highways projects
Top Canadian funds including Brookfield Asset Management, Caisse de Dépôt et Placement du Québec (CDPQ) and PSP Investments have evinced interest in investing in India’s highway projects.
We have had initial talks with Canadian funds. They have been coming to me on and off and have shown interest in the toll operate transfer investment model (TOT),” Raghav Chandra, NHAI Chairman said. PSP Investments and Ontario Teachers’ Pension Plan have also expressed interest in the projects, another official aware of the matter said. The government has identified some 100 operational highways owned by the NHAI for leasing to private players through the auction route for maintenance and toll collection for 30 years.