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| Exchange Received Time 11/12/2018 17:52:36 Exchange Disseminated Time 11/12/2018 17:52:41 Time Taken 00:00:05 | PNC Infratech Limited (the Company) is pleased to inform you that PNC Challakere (Karnataka) Highways Private Limited, Company's wholly owned subsidiary, has submitted duly executed financing documents to NHAI for the following Hybrid Annuity Model (HAM) Project. Details of the project, as already shared with the exchange include:
Name of SPV and Project Bid Project Cost (Rs. In Crores) Construction and Concession Period
SPV : PNC Challakere (Karnataka) Highways Private Limited 1157.00 Construction Period :
730 days
Project : Development of Four Laning from km 358.500 to km 414.205, Challakere to Hariyur section of NH-150 A, On Hybrid Annuity Mode under Bharatmala Pariyojna in the State of Karnataka Concession Period including Construction Period : 17years
The Company is within the timeframe for achieving the Financial Closure as specified in the Concession Agreement for this project. With the above submission, the Company has submitted duly executed financing Documents to NHAI with regard to the Financial Closure for all the 7 (seven) Hybrid Annuity Model (HAM) Projects secured by it so far.
This is for your information.
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