PROJECT

Projects

Summary of Investment Information

Project Number

45754

Company Name

CUBE HIGHWAYS TRUST

Date SPI Disclosed

Aug 1, 2023

Country

India

Region

South Asia

Projected Board Date

Jul 13, 2022

Environmental Category

A - Significant

Status

Active

Last Updated Date

Aug 2, 2023

Department

Regional Industry - INF Asia & Pac

Industry

Infrastructure

Previous Events

Approved : Jul 13, 2022
Signed : Jun 14, 2023
Invested : Jun 28, 2023

Sector

Highway Operations (Includes Toll Roads)

Project Description

 Cube Highways Trust (the Trust), a private listed InvIT, currently has 18 road assets (toll and annuity) under it and can acquire 7 more assets (toll and HAM) under ROFO arrangement with Sponsors of Trust.  The Company has raised debt at the Company level to replace individual project finance debt, and conduct maintenance capex of the operating road assets

Associated Advisory Engagement

 N/A                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation