Khazanah, IDFC form SPV to facilitate financing of India’s highway construction

NEW DELHI: The Government's investment arm, Khazanah Nasional Bhd, has set up a special purpose vehicle (SPV) with a subsidiary of India's Infrastructure Development Finance Company, with an equity base of Rs830 crores (RM478mil).

The SPV will facilitate the financing of national highway construction projects, India's Minister of Commerce, Industry and Textiles, Anand Sharma said at the India-Malaysia Chief Executive Officers Forum.