First full-scale entry into toll road operation business in India
-Along with acquiring shares in a toll road operator in India, we will carry out technical advisory work-
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- First full-scale entry into toll road operation business in India
December 27, 2017
East Nippon Expressway Co., Ltd.
NEXCO EAST (Chiyoda-ku, Tokyo, President and Chief Executive Officer: Hiroshi Hirose) has set up a representative office in India and has been collecting information. We also made a trial entry into the toll road operation business, carried out technical advisory work for local companies, and accumulated knowledge about the toll road operation business, aiming for full-scale entry.
Recently, we have established a consortium* with Mitsubishi Corporation (Chiyoda-ku, Tokyo, President and Chief Executive Officer: Takehiko Kakiuchi) and Overseas Transportation and Urban Development Business Support Organization (Chiyoda-ku, Tokyo, President and Chief Executive Officer: Takuma Hatano). Formed and jointly acquired a 20% stake in Indian toll road operator Cube Highways and Infrastructure Pte. Ltd. (“Cube Highways”), and reached a basic agreement to enter the toll road operator business in the country. In addition, Japan Expressway International Co., Ltd. (Chiyoda-ku, Tokyo, President and Chief Executive Officer: Koji Kuroda), an affiliate of the Company, will also participate in this project.
Based on the technology for Expressway management and operation that we have cultivated over many years in Japan, we carry out advisory work to improve this project and increase added value, while contributing to the government's high-quality infrastructure exports. I will.
*A joint venture for the purpose of operating this road business
1 Company overview
Cube Highways and Infrastructure Pte. Ltd.
(1) Head office location
: 80 Robinson Road, #16-03, Singapore 068898
(2) Founding
:2014
(3) Number of employees
: 152 (consolidated basis, end of November 2017)
(4) Representative
: Director George Currie
- Cube Highways is a toll road operator in India founded by I Squared Capital, a global infrastructure fund, and the International Finance Corporation, an institution of the World Bank Group that supports the private sector in developing countries. Cube Highways currently owns four roads.
East Nippon Expressway Co., Ltd.
(1) Head office location
: 3-2 Kasumigaseki 3-chome, Chiyoda-ku, Tokyo
(2) Establishment
:Year 2005
(3) Capital
: 52.5 billion yen
(4) Number of employees
: 2,229 (on a non-consolidated basis, March 31, 2017)
(5) Representative
: Hirohiro Hirose, President and Chief Executive Officer
Mitsubishi Corporation
(1) Head office location
: 2-3-1, Marunouchi, Chiyoda-ku, Tokyo
(2) Founding
: 1954
(3) Capital
: 204.4 billion yen
(4) Number of employees
: 5,217 (on a non-consolidated basis, end of March 2017)
(5) Representative
: Takehiko Kakiuchi, President and Chief Executive Officer
Overseas transportation and urban development business support organization
(1) Head office location
: 3-2 Marunouchi 3-2, Chiyoda-ku, Tokyo
(2) Founding
:2014
(3) Capital
: 12.5 billion yen
(4) Number of employees
: 38 (as of March 31, 2017)
(5) Representative
: Takuma Hatano, President and Chief Executive Officer
Japan Expressway International Co., Ltd.
(1) Head office location
: 3-2 Kasumigaseki 3-chome, Chiyoda-ku, Tokyo
(2) Establishment
:2011
(3) Capital
: 49.9 million yen
(4) Number of employees
: 11 (as of March 31, 2017)
(5) Representative
: Koji Kuroda, President and Chief Executive Officer
Photo
Jaipur Mahua Tollways (Asset Map (1), above the main line)
Asset map
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