Cube Highways in talks to buy Dhule-Pimpalgaon Eway SPV

MUMBAI: Singapore-based infrastructure investment platform Cube Highways is in discussions to acquire Ircon Soma Tollway (ISTPL), a special purpose vehicle that operates a crucial expressway connecting Dhule to Pimpalgaon in northcentral Maharashtra.

The SPV is a joint venture between Ircon International and Soma Enterprise, with equal equity participation. The project is part of National Highway 3 (new NH60), popularly known as the Agra – Mumbai Road.

Mails sent to Deepak Sabhlok, chairman, ISTPL, Ankineedu Maganti, managing director, Soma, and a Cube Highways spokesperson went unanswered.