IDFC

Realized / Partly Realized Investments

Roads
IDFC Project Equity

JAS Toll Road Company Limited ("JAS")

Sector: Transport Infrastructure - Roads
Stage: Operating

   
 

Investment description

JAS is a Special Purpose Vehicle (SPV), set up by Abhijeet Group, to maintain and operate the toll road stretch of the 32.5 kms of National Highway 4 ("NH-4") between Neelmangala and Tumkur in the state
of Karnataka.

JAS was lead promoted by the Abhijeet Group through Abhijeet Infrastructure Limited ("AIL"). JAS is an operational toll road located near Bangalore on trunk national highway NH4 ("NH-4") that connects Chennai to Mumbai, through Bangalore and Pune. The concession for the toll road was awarded on a build, operate and transfer (BOT) basis by the National Highway Authority of India (NHAI).

The road is part of the Golden Quadrilateral project along NH4 that offers a direct link between Chennai, Bangalore, Pune and Mumbai. The road has been observing high usage, with significant contribution from truck and bus traffic volumes.

   
  IDFC Project Equity

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