NTR says its roads subsidiary National Toll Roads Limited has agreed a deal to sell a number of its Irish road assets for €50m, including Dublin's East-Link toll bridge.
East-Link Limited, and the company's shareholding in CRG Dundalk, will be sold to a Dutch based investment fund, DIF Infrastructure 11. As part of the deal, DIF will assume responsibility for the management of the East-Link toll facility.
NTRL's operation and maintenance division will be sold to Egis Road Operation, an international developer of infrastructure projects and services.
NTRL will retain its shareholding in the recently opened CRG Waterford and CRH Portlaoise toll bridges.
The parent company said the agreements are in line with its strategy as an international developer and operator of renewable energy and sustainable waste management.
The East-Link toll bridge was NTR's first ever infrastructural investment and its CEO Jim Barry said the deal marks the company's substantive exit from its legacy toll road business.
