Sidley is advising Macquarie Asset Management (MAM) on its agreement to sell the Safeway Concessions toll road portfolio in India to VINCI Highways. The transaction values Safeway Concessions based on an enterprise value of approximately ₹150 billion (around US$1.7 billion).
The portfolio comprises nine toll highway concessions across the states of Andhra Pradesh, in southeast India, and Gujarat, in the west of the country. These nine concessions total nearly 700 kilometers of highway infrastructure located on key national transport corridors, connecting major industrial, agricultural, and logistics hubs. The highways are operated under Toll Operate Transfer (TOT) contracts with the National Highways Authority of India, with contractual maturities ranging from 2048 to 2058.
The transaction underscores continued investor confidence in India’s infrastructure sector and reflects sustained demand for high-quality transportation assets in growth markets.