The National Investment and Infrastructure Fund (NIIF) will acquire two toll road projects from the Essel Group. The acquisition of Essel Devanahalli Tollway Private Limited and Essel Dichpally Tollway Private Limited will be made through the NIIF Master Fund and will be managed by Athaang Infrastructure, NIIF’s proprietary roads platform. Essel Devanahalli is an arterial 22 km six-lane toll road in Karnataka that connects Bengaluru and its airport. It is part of NH-44 and has an operational history of six years. Essel Dichpally is a 60 km four-lane toll road in Telangana that connects Hyderabad and Nagpur and serves long distance commercial traffic. It has been operational for over seven years.
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