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The Public Sector Pension Investment Board is exploring options for its roads in India, including a sale, according to people familiar with the matter.
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The Canadian pension fund known as PSP Investments is working with an adviser on the potential divestment, the people said, asking not to be identified because the considerations are private. It may seek a valuation of US$1.5 billion for the roads, including debt, the people said.
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The assets under review are part of the fund’s global road investment platform Roadis, which was created in 2016. Beyond India, it also has roads in Brazil, Mexico, Spain and the United States. The Indian assets have been a significant contributor to the company’s growth, according to its 2025 report.
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Other investment firms and industry players have shown preliminary interest, but considerations are at an early stage and no final decisions have been made, the people said.
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A representative for PSP Investments declined to comment.
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PSP Investments had net assets under management of $320.6 billion as of the end of March.
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