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Abu Dhabi keen to invest Rs 35,000 crore on 50 Indian highway projects

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Abu Dhabi wants to take a $5-billion bet on India, specifically its national highways. The Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund of the emirate, has expressed interest in taking up 50 highway projects on a toll-operate-transfer (TOT) basis in what will be the first investment of its kind if it happens.

A rough calculation by roads ministry pegs the value of total investment at Rs 35,000 crore ($5 billion). Under the TOT model, roads already built by the National ..

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