Macquarie Group, Canada Pension Among Bidders for $300M-$500M Stake in India's NIIF Roads Assets

• Macquarie Group, Canada Pension Plan Investment Board among bidders for $300M-$500M of India's National Investment & Infrastructure Fund's roads assets • Assets part of NIIF's Athaang Infrastructure roads platform spanning 230km across India • NIIF is India's sovereign wealth fund aimed at funding infrastructure; investors include Abu Dhabi Investment Authority, Temasek Holdings • India estimated to need $840B in urban infrastructure investment over next 15 years • Macquarie an early private investor in India's roads, sees expressways as next phase of infrastructure development