Tata Realty and Infrastructure to acquire three toll projects

Tata Realty and Infrastructure (TRIL) is in the process of acquiring three completed toll projects. Faced by problems such as delays in land acquisition for long-term road infrastructure projects, investors have been reluctant to invest in such projects, forcing several road infrastructure majors such as Reliance Infrastructure, GMR Infrastructure and Madhucon Projects to sell their stakes in road projects. Many have approached TRIL for the sale of such projects. The company has short-listed and identified projects of good construction quality and which have good growth prospects in traffic. At present TRIL is constructing the 110km Pune-Solapur highway, through its wholly owned subsidiary TRIL Roads and Italy-based toll motorway operator Atlantia. The project which has a concession period of 20 years is a four-lane highway and will have the latest safety features and facilities such as electronic tolling and wayside amenities.