NIIF-Roadis to set up platform to invest in Road Projects

April 5, 2019

The National Investment and Infrastructure Fund (NIIF) and global transport infrastructure operator Roadis will jointly set up a platform to invest up to $2 billion of equity in road projects in India. The platform would target toll-operate-transfer models and acquisitions of existing road concessions.

Roadis is a fully owned subsidiary of the Public Sector Pension Investment Board which is one of Canada’s largest pension funds.

NIIF Funds

Currently, NIIF is managing the capital invested through three funds, namely:

  • NIIF Master Fund: It focuses mainly on core infrastructure and operating assets.
  • NIIF Fund of Funds: It invests in funds managed by third-party managers in the infrastructure and associated sectors.
  • NIIF Strategic Fund: It is a diversified investment strategy, including greenfield projects and debt platforms.

NIIF’s role in infrastructure funding has acquired great significance in recent years, in the backdrop of most public-sector banks are struggling to cope with toxic assets and IL&FS, a key infrastructure refinancer until last year been ridden by the crisis.

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