NIIF, PSP form $2b India toll road investment platform
The Indian government-backed National Investment & Infrastructure Fund (NIIF) has teamed up with Canada's Public Sector Pension Investment Board (PSP Investments) to launch a platform that will invest up to $2 billion in local toll road projects.
The platform will bid on projects under the toll-operate-transfer (TOT) model, under which the government awards private-sector bidders toll collection rights and maintenance obligations for 30 years....
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