Abertis 16.55€ -0.24% -0.04€

20 Jan 2017

The Chief Executive Officer of Abertis, Francisco Reynés, met with the Indian Transport Minister in Davos

The Chief Executive Officer of Abertis, Francisco Reynés, met with the Indian Transport Minister in Davos

  • The meeting, held at the annual World Economic Forum in Switzerland, underscored Abertis' commitment to India, where it agreed to acquire two toll roads in December.
  • The two men exchanged views on the Indian government's ambitious plan to develop over 50,000 kilometres of toll roads.

Francisco Reynés, the Vice-Chairman and CEO of Abertis, met with Nitin Jairam Gadkari, India's Minister of Road Transport & Highways, during his visit to the World Economic Forum in Davos, Switzerland.

During this meeting, Francisco Reynés reiterated Abertis' commitment to India, where the company has agreed to acquire two toll roads in the states of Tamil Nadu and Telengana.

The two men shared details of the economic reforms being carried out by the Indian government to modernise infrastructure and to develop over 50,000 kilometres of toll roads.

In recent years, India has favoured the public-private partnership model to modernise its network, pursuing partnerships with the private sector and applying pay-per-use solutions to satisfy the country's financing needs.

Abertis is present for the first time at the World Economic Forum, which takes place annually in the Swiss town of Davos. The spotlight at this year's edition is on Responsive Leadership and the themes discussed will include the need for agile, inclusive and collaborative responses in an increasingly complex environment to drive new initiatives and achieve common goals.

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