| The government is finalising a mechanism that will allow private equity firms and sovereign wealth funds, including Khazanah, Macquarie and Temasek to buy stakes in highway projects, freeing up resources for the sector. "There is a lot of interest...we are examining how best to leverage it...There are various options," a road ministry official told ET, confirming that these three investors are among those that want to take over road projects in India and are waiting for a clear policy directive.
One option under consideration is a government-promoted special purpose vehicle that will pick up part of the equity in projects in which PEs and SWFs are interested. The Rs 20,000 crore National Investment and Infrastructure Fund, proposed by finance minister Arun Jaitley in his budget speech, could be tapped for this.........................................Full Article: Source
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