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Brown-field Toll Road Project

Country India
Sector Toll Roads
Project Stage Brown Field
Investment Partner (Japanese Company)

Mitsubishi Corporation

East Nippon Expressway Company Limited. (NEXCO-East)

Japan Expressway International Company Limited. (JEXWAY)

Japan Infrastructure Initiative Company Limited. (JII)

Investment Partner (Foreign Company)

I Squared Capital

International Finance Corporation (IFC)

Abu Dhabi Investment Authority (ADIA)

JOIN's Investment Max. JPY 12.6 bn
Date of Approval

December 2017

December 2019

Project Overview

Investment in the Indian toll road projects through the partial acquisition of Cube Highways and Infrastructure Pte. Ltd.


• Encourage the participation of Japanese companies for the first and full fledged investment in the road sector in India.
• Transfer of skills and know how of toll road operations.

Investment Scheme

News Release


Project Location