Macquarie and La Caisse forge partnership to scale Indian toll road network

The transaction involves a $450 million capital commitment from Macquarie’s Asia-Pacific Infrastructure Fund 4, with $150 million specifically earmarked for future asset acquisitions. La Caisse has matched that $150 million commitment, signaling a shared intent to grow the platform that currently manages 3,328 lane kilometres across six Indian states. Established in 2021, Maple has grown from a single-asset entry into a significant road platform, now operating seven toll roads under long-term concessions.

Verena Lim, Co-Head of Asia-Pacific Infrastructure at Macquarie, noted that the investment underscores the group’s long-term conviction in the Indian market, particularly as rising vehicle ownership and mobility needs demand higher-quality transport infrastructure. Emmanuel Jaclot, Executive Vice-President at La Caisse, described the partnership as a vote of confidence in the platform’s trajectory, marking a new chapter for the venture as it seeks to address India’s expanding infrastructure requirements.