Maple Highways, backed by CDPQ, introduced finishing the acquisition of the Jap Peripheral Expressway (EPE) that encircles the Nationwide Capital Area (NCR).
EPE valued at ₹6,267 crore, the corporate, said the acquisition underneath Toll Function Switch (TOT) from the Nationwide Highways Authority of India (NHAI) is the most important street transaction to happen as a part of the Union Authorities’s Asset Monetisation Programme this 12 months.
Maple Highways additionally accomplished the acquisition of the Shree Jagannath Expressway, a 67-kilometre toll street undertaking from Bhubaneswar to Chandikhole in Odisha, early this 12 months.
“As the brand new custodian of EPE, Maple Highways will search to construct on the expressway’s sturdy environmental credentials, whereas benefiting from CDPQ’s main expertise within the roads sector, together with industry-leading freeway administration expertise practices, and its sharp deal with ESG,” stated Anup Vikal, CEO, Maple Highways.
The 135-kilometre, six-lane categorical freeway has been in operation since 2018 and was designed to decongest Delhi of economic site visitors and runs by the states of Haryana and Uttar Pradesh.
EPE is India’s first Clever Transport System-enabled street. It’s geared up with a drip irrigation system and rainwater harvesting buildings each 500 meters. It has a closed-loop tolling system, and 99 per cent of its income is collected by digital tolling utilizing the interoperable FASTag.