PSP Investments in a recent development has become the second Canadian pension fund to expand its footprint in India's highways sector, assuming ownership of four toll roads totaling 710 km as part of a global transaction with Spanish infrastructure company Grupo Isolux Corsan. These roads command a length of 291 km from Panipat to Jalandhar in Haryana and Punjab, a 94 km project from Kishangarh to Beawar in Rajasthan, a 133 km project from the Maharashtra-Gujarat border to Hazira in Gujarat and a 192 km project from Varanasi in Uttar Pradesh to Aurangabad in Bihar. Isolux Corsan has recently said it has completed the legal process of separating subsidiary Isolux Infrastructure from itself in order to transfer a portfolio of nine global road assets to PSP Investments, which has renamed Isolux Infrastructure as ROADIS, a highways platform, said official sources.
