The company is in discussions to acquire Vindhyachal Expressway (VEPL), which is four-laning the section between Rewa in Madhya Pradesh and Varanasi in Uttar Pradesh on NH-7, said two people aware of the development.Road execution activity in fiscal 2024 is expected to increase 16-21% to 12,000-12,500 km, in the backdrop of a healthy pipeline of projects, increased capital outlay by the government and focus on project completions ahead of the general elections, said a recent ICRA report.However, according to a recent Care Ratings report, around 79% of the traffic on the toll road during FY22 consisted of commercial vehicles, which increased susceptibility of revenue to slowdown in economic downturn.New York-based Global Infrastructure Partners (GIP) is also in talks to acquire VEPL, said the people.According to aTime of India report at the time, a key reason for the pullout was the government decision to award road contracts on an EPC basis or on cash contracts rather than public-private partnership.
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