Click it and Unblock the Notifications
Just In
Don't Miss
-
Indian Railway Finance Corp IRFC: Top NBFC Railway Stock Advised To BUY; Short-To-Long Term Target Prices -
Most Sixes in IPL 2024 After CSK vs LSG Match: Top 10 Players And Teams To Hit Most Sixes As Of April 24 -
Apple Confirms Special Event for May 7: iPad Air, iPad Pro 2024 Models Expected -
Mirzapur 3 OTT Release Date, Platform: When Will Mirzapur Season 3 Premiere On Amazon Prime Video? -
Telangana Inter Manabadi 1st and 2nd Year Results 2024 to be Declared Tomorrow -
Chrysler Pacifica Marks Seven Years As Most Awarded Minivan With New Campaign -
Anant Ambani-Radhika Merchant's Wedding Function Details Are Out, Check out Ambani Bahu-To-Be's Chic Fashion! -
Kurnool's Hidden Gems: A Guide To Exploring India's Lesser-Known Treasures
Financial closures for two road projects in K'taka achieved
Hyderabad, Feb 1 (UNI) The financial closures for the two road projects awarded by the National Highways Authority of India (NHAI) to LANCO in Karnataka to be developed on Build-Operate-Transfer (BOT) basis has been successfully achieved.
The debt requirement for these projects has been tied up with State Bank of India and its Associate Banks with State Bank of India being the lead, a release here said.
The two road projects are the 81-km Bangalore-Hoskote-Mudbagal stretch on National Highway 4 and 82-km Neelamangla-Devihalli stretch on National Highway 48.
The project involves six laning of 16 km stretch and four laning of the remaining stretches. The total project cost is estimated at Rs 13,480 million. The concession periods are 20 and 25 years for the two projects respectively, including 30 months of construction period.
The contracts were awarded through a competitive bidding process.
The projects would be financed through a mix of equity, debt and grant from NHAI.
UNI
VA
ROY
1742
