VINCI has signed an agreement with Macquarie Asset Management to acquire a portfolio of nine toll highway concessions in India for an enterprise value of approximately $1.6 billion.
The transaction involves the Safeway Concessions portfolio, which includes nearly 700 kilometers of highways located across the states of Andhra Pradesh in southeast India and Gujarat in the west. These assets are positioned along key national transport corridors, including sections of the NH-16 route, part of India’s Golden Quadrilateral connecting major economic hubs.
The concessions operate under Toll Operate Transfer agreements with the National Highways Authority of India, with contract maturities ranging from 2048 to 2058. Revenue is generated through toll collections tied to traffic volumes across these routes.
VINCI said the acquisition represents a rare opportunity to secure large-scale infrastructure assets in a fast-growing market and aligns with its long-term strategy of expanding its global mobility infrastructure footprint. The company also highlighted potential operational and financial optimization opportunities across the portfolio, including improvements in road safety, environmental performance, and toll system digitalization.
The deal remains subject to approval from relevant Indian authorities, with financial closing expected by the end of 2026.
