CDPQ and Cube Highways bid for NIIF’s $1.2 billion road portfolio

CDPQ and Cube Highways are among the bidders showing interest in acquiring the National Investment and Infrastructure Fund’s (NIIF) inaugural roads portfolio.
The portfolio comprises five road projects and is expected to be valued at approximately Rs 100 billion (around $1.2 billion). CDPQ, through its infrastructure investment trust (InvIT) Indian Highway Concessions Trust, and Cube, through its InvIT Cube Highways Trust, have both submitted non-binding offers for the NIIF roads portfolio.