MEP Infrastructure achieves financial closure for three HAM projects
The funding for these projects will be done as under:
Name of the SPV | MEP Longjian ACR (Ausa-Chakur) | MEP Longjian CLR (Chakur-Loha) | MEP Longjian Loha Waranga Road (Loha-Waranga) | |
(i) | Project Finance | Rs 4.07 billion | Rs 4.80 billion | Rs 5.15 billion |
(ii) | Grant from NHAI | Rs 3.39 billion | Rs 4 billion | Rs 4.29 billion |
(iii) | Equity Contribution of Subsidiary Company | Rs 1.01 billion | Rs 1.2 billion | Rs 1.28 billion |
Total | Rs 8.48 billion | Rs 10 billion | Rs 10.73 billion | |
Key highlights of the project are as under:
Name of the projects | Four-laning of Ausa-Chakur section | Four-laning of Chakur-Loha section | Four-laning of Loha-Waranga section | |
Project particulars | Four-laning of Ausa-Chakur section of NH-361 from 55.835 km to 114.345 km (design length 58.51 km), under NH (O) in Maharashtra on hybrid annuity mode. | Four-laning of Chakur-Loha section of NH-361 from 114.600 km 187.800 km (design length 73.345 km), under NH (O) in Maharashtra on hybrid annuity mode. | Four-laning of Loha-Waranga section of NH-361 from 187.800 km to 244.369 km (design length 56.569 km), under NH (O) in the Maharashtra on hybrid annuity mode. | |
(i) | Construction Period | Two years from the appointed date | Two years from the appointed date | Two years from the appointed date |
(ii) | Concession Period | 15 years (excluding construction period as stated above) | ||
(iv) | Bi-Annual Annuity | The company will receive bi-annual annuity from NHAI post commercial operation date (COD). | ||