Cube Highways is an independent, professionally-managed roads and highways platform that owns and operates more than 1,300 lane-kilometers of highways in India. Formed by two leading global financial institutions, I Squared Capital and the International Finance Corporation (IFC), Cube Highways leverages the extensive transportation experience of its executive and engineering teams to manage a diverse portfolio of toll and annuity based roads, including the first AAA (SO) rated NHAI toll road in the country.
“Cube Highways, which we started from scratch, has built an experienced management team with world class engineering and operational expertise and has now become a recognized leader in the Highways sector in India,” Gautam Bhandari, Director of Cube Highways and Partner of I Squared Capital said. “We are pleased to partner with ADIA and IFC to further grow our highways portfolio in India, through careful selection of high quality assets. This new capital commitment comes at a very exciting time, especially following the positive reforms undertaken by NHAI and the Ministry of Road Transport and Highways.”
Hyun-Chan Cho, Regional Industry Head, Infrastructure & Natural Resources, IFC, said: “We welcome ADIA as our partner in addition to I Squared Capital and look forward to continuing to build India’s leading, professionally managed roads platform. IFC is pleased to re-affirm its conviction in the strong growth prospects of the highways sector in India, as building transport and logistics infrastructure is key to sustaining India’s growth and bringing economic opportunities to communities across urban and rural India.”
About Cube Highways: Cube Highways and Infrastructure Pte. Ltd. (Cube Highways) is a Singapore based company investing in road and highway projects, along with select other infrastructure sectors in India. Cube Highways is an independent, professionally-managed platform that leverages the extensive transportation experience of its management and execution teams. Cube Highways was formed by two leading global financial institutions, I Squared Capital and the International Finance Corporation (IFC). For more information, visit www.cubehighways.com.
About I Squared Capital: I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, telecommunications and transport in the Americas, Europe, and select high growth economies. The Firm has offices in New York, Houston, London, New Delhi, Hong Kong and Singapore.
About IFC: IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, IFC uses its capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In FY17, IFC delivered a record $19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity. For more information, visit www.ifc.org.
About ADIA: Since 1976, the Abu Dhabi Investment Authority (ADIA) has been prudently investing funds on behalf of the Government of Abu Dhabi, with a focus on long-term value creation. ADIA manages a global investment portfolio that is diversified across more than two-dozen asset classes and sub-categories. With a long tradition of prudent investing, ADIA’s decisions are based solely on its economic objectives of delivering sustained, long-term financial returns.
