Cube Highways Acquires Portfolio with ₹41.85 Billion J&K Road Assets Deal

Cube Highways Trust has completed the acquisition of two running highway assets in Jammu & Kashmir from National Investment and Infrastructure Fund (NIIF) for ₹41.85 billion. The deal underlines Cube's annuity-based revenue source, offering secure cash flows free of traffic risk.

Key Points:
Assets acquired: Quazigund Expressway & Athaang Jammu Udhampur Highway, 80 km.

Fixed bi-annual annuity payments by NHAI, with regular revenues.

Over six years' residual concession life, with a focus on long-term stability.

Transaction to enhance Cube's net distributable cash flows by ₹2.3 per unit annually.

The acquisition adds Cube's exposure to de-risked infrastructure assets.

This growth strategy complements Cube Highways' emphasis on high-quality infrastructure investments, solidifying its position as a leader in India's road industry.

Source: BusinessWorld | Rediff Money | Business Standard