Search
Overview
Sector Infrastructure
Sub-sector Transport
Invested 2013
Location India
Driving change
India has the world’s second largest road network and has quickly grown to become the world’s fourth-largest automotive market1,2. As access to personal mobility has risen, so too have accidents involving the country’s most vulnerable road users – pedestrians, motorcyclists and cyclists3. MAM’s asset managers have focused acutely on improving the safety environment for the people working and driving on their roads, and for the communities living near them.
MAM has established safety training and awareness programmes for road workers and engaged extensively with police and local authorities to enforce speed and lane restrictions in work zones.
Partnering with concession authorities to implement the initiatives, MAM has also invested to build fence barriers and chicanes and pioneered ‘first-in-sector’ initiatives like robotic flagmen and mobile safety vehicles.
These initiatives have supported broad improvements to safety standards on India’s highways, and have helped the assets in which MAM manages controlling stakes achieve 14 million safe ‘man hours’4. Other investors are now rolling-out health and safety systems and practices originally demonstrated on MAM’s road investments.
Toll plaza, Gujarat
Investing in safer communities
In partnership with the Macquarie Group Foundation, MAM’s Mumbai team launched the ‘Let there be Light’ initiative in 2015. On a stretch of high-speed highway near Hyderabad Airport, the initiative helped improve visibility along access routes and at intersections with the installation of new solar lights. The area previously had little lighting – posing a risk to the many people living on its fringes.
MAM has also supported initiatives to create greater awareness of safe driving practices amongst road users. This has included a dedicated programme for truck drivers to foster cultural changes within India’s logistics sector.
Toll plaza, Gujarat
Dual carriageway, Andhra Pradesh
| Largest | international investor in Indian roads |
|---|---|
| Rs2.2 million | solar street lighting initiative |
| ~9,500 hours | of road safety training each year5 |
Lifting the barriers to road safety
Suresh Goyal, Senior Managing Director
For more information about our infrastructure capabilities, please contact us.
Our insights
All information current as at 31 March 2019, unless otherwise stated.
1 Annual Report 2017-2018, Ministry of Road Transport and Highways, Government of India
2 By vehicle sales volumes, LMC Automotive
3 Global status report on road safety 2018, World Health Organisation
4 Refers to the cumulative number of hours spent by asset-level employees at work between consecutive fatal accidents. Data covers period between September 2015 and March 2019
5 Based on FY19 total for assets in which MAM manages controlling stakes
© Macquarie Group Limited
This information is a general description of the Macquarie Infrastructure and Real Assets division (MIRA) only. Before acting on any information, you should consider the appropriateness of it having regard to your particular objectives, financial situation and needs and seek advice. No information set out above constitutes advice, an advertisement, an invitation, an offer or a solicitation, to buy or sell any financial product or security or to engage in any investment activity, or an offer of any banking or financial service. Some products and/or services mentioned on this website may not be suitable for you and may not be available in all jurisdictions.
The Macquarie Group entities noted on this page are not authorized deposit-taking institutions for the purposes of the Banking Act 1959 (Commonwealth of Australia). Their obligations do not represent deposits or other liabilities of Macquarie Bank Limited (ABN 46 008 583 542) (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of those entities.
The Fund information on this website is general in nature. All securities and financial product or instrument transactions involve risks. Past performance is not a reliable indication of future performance.
