We are delighted to add this important asset to our portfolio which is also the first tunnel road that we have acquired. This acquisition emphasises our focus on identifying fundamentally strong assets that offer long term value creation. Operations and maintenance (O & M) of this asset requires specialised technical and management expertise and is a testament to the strength of Athaang Infrastructure. Leveraging the team’s strong underwriting capabilities and a well-structured investment approach, we will continue to build the NIIF Master Fund road portfolio with an efficient selection of high-quality assets and superior O & M practices. The well-engineered four-laned 16.3 km expressway between Quazigund and Banihal Section of NH-1A, includes a bi-directional 8.5 km continuous twin-tube tunnel stretch, one of the longest highway tunnels in India. The road provides a vital link between the two important cities in the region, Jammu and Srinagar, enabling seamless movement of traffic and goods, with enhanced inter-region connectivity. The road facilitates traffic movement in all weather conditions throughout the year and reduces significant travel time between the two cities.

India is home to the world’s second-largest road network. The growing number of passengers and vehicles along with the need to further deepen connectivity in the country has propelled demand to widen the nation’s road network. This has generated significant investment opportunities in strategic assets with strong fundamentals