Canada pension fund's Indian arm acquires Peripheral Expressway

CDPQ is the second-largest institutional investor in infrastructure globally, with net assets of CAD 45 billion in its infrastructure portfolio, including in India

Maple Highways, a dedicated India road investment platform of Canada-based pension fund CDPQ, said on Friday it had completed the Rs 6,267-crore acquisition of the Eastern Peripheral Expressway (EPE) that encircles the National Capital Region (NCR).

The purchase of the Toll Operate Transfer (TOT) project from the National Highways Authority of India (NHAI) is the largest road transaction under the government's asset monetisation programme this year.

Saurabh Agarwal, managing director, CDPQ India told Business Standard that the concessionaire agreement is for 20 years, after which, the road asset would be given back to the government. He said Maple Highways has so far