MILAN, March 5 (Class Editori) -- Atlantia is trying to strengthen its presence in the Indian subcontinent. The group is actually tendering for the infrastructural assets of Il&Fs group. The holding of Benetton family would be in pole position together with Singaporean Cube Highways in the tender process, which is still going in, for the infrastructures put up for sale by the Indian government; it has acted by using the law governing the public interest activities when the Il&Fs recorded financial default, in 2018. These are the highest offers for the infrastructure, at least according to what has been released by the local financial press.
The group led by Carlo Bertazzo has already started to act last summer, by submitting the offer through the local subsidiary Indian Infrastructure Development. The section of major interest is the Pune-Solapur II, in the Maharashtra state. This is a 100 km two lane road, under concession until 2031, which is representing the continuation of a 100 km long section already belonging to the holding - in equal shares - together with Tata group. The infrastructure can boast an EBITDA of about 15 million euros.
Atlantia's interest concerning the expansion in India dates back to at least a decade. As far as Il&Fs assets is concerned, the first contacts date back to the autumn of two years ago. In September 2018, the financial press of the subcontinent had already reported the interest for the motorways of the Indian group, which was facing financial difficulties, whose financial value has been worth up to 1.2 billion U.S. dollars.
Atlantia is focusing on the fact that the government has long been planning to build 50,000 km of fast roads by the next 5 years and has already allocated 22 billion dollars this year, in order to reach this goal.
This investment plan has even drawn the attention of Anas International Enterprise, the foreign division of Anas, which has signed a MoU with the authorities of Andhra Pradesh, one of the biggest states located in the South-Eastern part of the country, for the design, construction and management of the ring road of the capital Amaravati, a work of 90 km and 12 lanes.
In the meantime, it is also participating to the acquisition of agreements by Design&Build and O&M in the same state, which have launched a huge infrastructural program in the urban and suburban transport field, in the view of the building of the new capital. Anas Tec, a subsidiary of AIE, has also developed a roadmap for the trade activities in the state.
(Source:Class Editori)
Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.
A single purchase
