The bundle consists of 9 highway stretches spanning 2,265 lane kilometers across four geographically diverse states in India, all of which have reportedly shown healthy bounce back in traffic numbers since a nationwide lockdown due to covid-19 was lifted in late May.
Speaking upon news of the agreement, Cube Mobility Investments Director and I-Square Capital Partner Gautum Bhandari said, “Achieving this milestone amidst the Covid-19 pandemic reflects Cube Highways’ strong franchise in India and the robust nature of the projects. We are also pleased to partner with SBI, India’s largest bank, on this milestone financing. Throughout this process, SBI and Cube team worked in close co-ordination to achieve this tremendous outcome in midst of this extraordinary situation. We look forward to further re-enforcing our relationship with SBI in this sector.”