Cube Highways takes over another project
ROADS & HIGHWAYS

Cube Highways takes over another project

Singapore-based Cube Highways and Transport Assets Advisors Pvt Ltd, India's largest portfolio to toll roads, has signed an agreement with the National Highways Authority of India (NHAI) to take over the Nelamangala-Devihalli highway in Karnataka for an unknown amount. The project was operational under the now crippled Lanco Infratech Ltd, said Cube Highways.

Apart from diversifying traffic flow, the deal further expands Cube Highways' geographic presence in the South.

As a part of the transaction, Cube Highways substituted the former concessionaire Lanco Devihalli Highways (LDHL), by incorporating a new Special Purpose Vehicle (SPV), Nelamangala-Devihalli Expressway (NDEPL), pursuant to the substitution rights of senior lenders in the concession agreement.

The 80 km, four-lane stretch, Nelamangala-Devihalli Expressway links Bengaluru to Mangaluru and has seen a robust recovery in traffic and daily revenue after the lockdowns were lifted.

The project had been operational since June 2012, after being awarded as a 25-year concession after competitive bidding in 2008 for strengthening and widening the two-lane highway to a four-lane one.

Image Source

Singapore-based Cube Highways and Transport Assets Advisors Pvt Ltd, India's largest portfolio to toll roads, has signed an agreement with the National Highways Authority of India (NHAI) to take over the Nelamangala-Devihalli highway in Karnataka for an unknown amount. The project was operational under the now crippled Lanco Infratech Ltd, said Cube Highways. Apart from diversifying traffic flow, the deal further expands Cube Highways' geographic presence in the South. As a part of the transaction, Cube Highways substituted the former concessionaire Lanco Devihalli Highways (LDHL), by incorporating a new Special Purpose Vehicle (SPV), Nelamangala-Devihalli Expressway (NDEPL), pursuant to the substitution rights of senior lenders in the concession agreement. The 80 km, four-lane stretch, Nelamangala-Devihalli Expressway links Bengaluru to Mangaluru and has seen a robust recovery in traffic and daily revenue after the lockdowns were lifted. The project had been operational since June 2012, after being awarded as a 25-year concession after competitive bidding in 2008 for strengthening and widening the two-lane highway to a four-lane one. Image Source

Next Story
Infrastructure Urban

Arya Omnitalk Powers India’s Toll Revolution with AI-Driven Solutions

Arya Omnitalk, a leader in intelligent transportation systems, is revolutionising toll collection across India’s national highways with its advanced AI-powered Toll Management Solutions. Designed for rugged remote toll locations, the company’s cutting-edge technology ensures seamless, reliable, and secure tolling—especially during high-capacity operations exceeding 200%. By integrating real-time analytics, cyber protection, and FASTag-based cashless tolling, Arya Omnitalk’s systems are significantly reducing congestion, improving transparency, and enhancing revenue assurance. Its full..

Next Story
Infrastructure Urban

Over 800 Join Anant Raj Runathon to Mark Earth Day

Over 800 participants came together at Anant Raj Estate, Sector 63A, Gurugram, for the Anant Raj Runathon 2025—a vibrant celebration of Earth Day through fitness, community bonding, and sustainability. Curated by renowned running coach Ravinder, the event featured four categories: 10-mile and 5-mile timed runs, a 5-mile walkathon, and a 1-mile kids’ run. Runners of all ages took to the green, scenic roads of the area—some chasing personal bests, others running for a cause. The Runathon was designed to promote healthy living while raising awareness about sustainable practices. Participa..

Next Story
Infrastructure Urban

PETRONAS Lubricants, Quaker Houghton Ink Strategic Deal

In a significant step towards strengthening industrial operations in India and Malaysia, PETRONAS Lubricants India Pvt. Ltd (PLIPL) and Quaker Houghton have announced a strategic partnership aimed at delivering high-performance industrial fluid solutions to key manufacturing sectors, including steel production. The collaboration combines the strengths of both companies—leveraging PETRONAS Lubricants India’s maintenance lubricant technologies and Quaker Houghton’s deep expertise in metalworking fluids. Starting from the second quarter of 2025, Quaker Houghton will begin offering PETRONAS..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?