Indian infra sees international activity
In the last week, both foreign and domestic firms have made significant moves dedicated to the Indian infrastructure space. UK headquartered private 3i has participated in the build-operate-and-transfer (BOT) road projects operated by KMC Constructions, injecting Rs 500 crore ($115 million) for an undisclosed stake described as “significant”. The deal is subject to regulatory approvals, and Spark Capital reportedly served as an advisor on the transaction. Since the private equity firm launched a $1.2 billion regional infrastructure fund in 2008 it has made four investments.
BOT is one of the two Public-Private Partnership (PPP) models on which the National Highways Authority of India (NHAI) awards projects. The government has so far awarded 41 projects valued at a total of...
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