TRIL Roads Private Limited (TRPL) today said that it has signed an agreement with private equity investor, Actis, for a joint investment of USD 200 million in a private equity transaction.

TRIL will invest USD 122.5-million and Actis USD 77.5-million for roads and highway projects, a press release issued here stated.

TRPL is a 100 per cent subsidiary of Tata Realty and Infrastructure (TRIL) and holding company for roads and highway projects.

Over the next few years, TRPL intends to execute and develop roads and highway projects aggregating around Rs 9,000-crore.

TRIL has a partnership with Atlantia, one of Europe's largest toll road operators, to bid for concessions to upgrade, operate and toll existing Indian roads and highways.

Actis is investing in TRIL Roads, a subsidiary of Tata Realty and Infrastructure Limited, which, itself is a 100 percent subsidiary of Tata Sons.

TRIL chairman R K Krishna Kumar, said, "we are delighted to welcome Actis as a partner in our roads business...we will bring world-class quality and safety standards for the Indian roads sector and strive to improve the quality of life for the common man." .

TRIL managing director Sanjay Ubale said, "the partnership with Actis will greatly enhance TRIL's capacity to invest in large road projects that NHAI intends developing through the PPP format."

Tata and Atlantia bagged their maiden project in the roads and highway sector in 2009 by winning the concession for the 110-kilometre Pune-Solapur Expressway. This project, valued at Rs 1,375-crore is being implemented on a BOT basis from the National Highway Authority of India (NHAI), the release said.

TRIL is currently focused on long-term infrastructure projects of national significance, as well as projects in the real estate sector.

"With today's development, the consortium of Tata, Atlantia and Actis creates a triumvirate with excellent bidding credentials, fund-raising expertise and strong project development and operating capabilities," the release said.

Actis senior partner Paul Fletcher said, "high economic growth, an increasingly mobile population and greater levels of trade are fuelling traffic flows across India. The opportunity to develop an Indian road platform alongside a world-class partner like the House of Tata's is extremely compelling. We are delighted to be embarking upon this joint venture.