KKR has launched the Highways Infrastructure Trust (HIT), a roads infrastructure investment trust (InvIT) in India. The new vehicle is KKR’s third InvIT in India, following the launch of the Virescent Renewable Energy Trust, India’s first renewable energy InvIT, and India Grid Trust, a transmissions InvIT.
Together, these platforms operate and manage 33 assets valued at over $3.8 billion across 22 states or union territories across India.
HIT’s launch takes place on the back of growing demand to expand India’s road network, the second-largest globally, as passenger traffic and commercial vehicle traffic continue to increase. Today, India’s road network is responsible for 90% of total passenger traffic and the movement of almost 65% of all goods across the country.
Read more: Private Equity Wire
