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| Exchange Received Time 10/03/2017 14:16:10 Exchange Disseminated Time 10/03/2017 14:16:17 Time Taken 00:00:07 | | MEP SANJOSE Talaja Mahuva Road Pvt Ltd-Subsidiary Company of the Company,has achieved financial closure as per the Concession Agreement executed with the NHAI dated July 8,2016 for the project of Four Laning of TALAJA-MAHUVA Section in State of Gujarat on Hybrid Annuity Mode under NHDP Phase IV by tying up of Project finance of Rs.289.37 Crs.The Bid project cost is 643.05 Crs out of which Project finance will contribute Rs. 289.37 Crs and remaining will be funded by grant from NHAI and equity contribution of Subsidiary Company.Key highlights of Project are (1)Construction Period:2.5 years from the Appointed Date(2)Concession Period:15yrs(excluding Construction Period of 2.5 yrs)(3)The Company will receive Bi-Annual Annuity from NHAI post Commercial Operation Date (COD).The Company has now achieved financial closure of Five of its HAM Projects which are awarded by the Authority and successfully tied up total project finance of Rs.1454.54 Crs towards all Five HAM Projects. |
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