Edelweiss arm EAAA Alternatives gets toll operation contracts for two highways in Tamil Nadu

New Delhi, Jul 13 (PTI) Edelweiss' alternative investment management arm, EAAA Alternatives, on Monday said its infrastructure platform Yield Strategy has bagged contracts from NHAI for operating two toll roads in Tamil Nadu for Rs 2,259 crore. Yield Strategy has been awarded contracts for Thanjavur-Trichy and Madurai-Tuticorin stretches, spanning 170 km, with a concession period of 20 years under the toll, operate, transfer (TOT) programme, the company said in a statement. With these assets, the number of roads in EAAA's infrastructure platform has increased to 26 roads, comprising over 7,700 lane km across 17 states, including those for which binding agreements are in place, it added. Amit Agarwal, Chief Executive Officer, EAAA Alternatives, said, "Our participation in TOT Bundle 19 reflects EAAA Alternatives' continued commitment to deploying patient capital into large infrastructure assets." PTI BKS HVA