India

The arrival of OTPP and AusSuper to the government-backed fund is another milestone in India’s evolution into an institutional-friendly infrastructure market.

Indian developer IRB will transfer nine operational and under-construction assets spanning 1,200km to an investment infrastructure trust.

The commitments from the Canadian pension and Australian superannuation fund bring NIIF’s Master Fund to its third close on more than $1.8bn.

The assets, valued at $3.6bn, will be acquired through an infrastructure investment trust set up by owner Reliance Industries.

Indian road developer SIPL will own 10% of the infra investment trust alongside CPPIB, Allianz Capital Partners, OMERS and trust sponsor L&T IDPL.

The National Investment and Infrastructure Fund’s managing director, Sujoy Bose, explains how the government-backed GP expects to lure investors.

Claiming investment needs ‘can’t be met by a handful of institutional investors’, the Swiss asset manager is offering its open-ended listed fund to retail investors.

The government has restructured a previous bundle that failed to fetch the desired price adding roads with ‘high traffic’.

The acquisition of KRIL expands the Dubai-based port operator’s logistics footprint and the joint venture’s portfolio.

Countries such as India, China, Japan and South Korea are aiming to attract private capital to the midstream and downstream space. But, challenges remain in some markets.