MBL Infrastructures wins Udaipur bypass PPP from NHAI
National Highways Authority of India (NHAI) has awarded to MBL Infrastructures Ltd. (MLB) the contract for the Six laning of the Udaipur bypass (Package-IV of Kishangarh-Udaipur-Ahmedabad stretch).
MBL will develop the project on DBFOT (Design-Build-Finance-Operate-Transfer) hybrid annuity basis. The total project cost is estimated at INR7.8 billion (US$114.5 million) of which 40 per cent will be funded by NHAI and the balance 60 per cent will be arranged by the concessionaire.
According to sources, NHAI will pay MLB this 60 per cent in semi annual payments along with interests and also semi annual payments for operation and maintenance (O&M) totaling INR637.5 million (US$9.4 million).
In recent years, MBL has executed and commenced a number of EPC and BOT projects in the states of West Bengal, Madhya Pradesh, Maharashtra, Assam, Uttar Pradesh, Delhi, Rajasthan, Karnataka, Haryana, Orissa, Andhra Pradesh, Bihar and Uttarakhand. India possesses the second largest road network in the world which amounts to approximately 3.3 million km.
Country news
-
-
June 27, 2016
Turner & Townsend announces new appointments in India
Turner & Townsend has appointed Ameya Gumaste as country manager and hired Matthew Grant as operations director to work across major projects in India. Read more -
June 27, 2016
MEP Infrastructure - San Jose JV win another road concession in India
The 60:40 joint venture formed by India's MEP Infrastructure Developers Ltd and Spain's Constructora San Jose has won another contract in India. Read more -
June 24, 2016
India´s cabinet approves four Laning of Hubli hospet section under EPC finally
The Cabinet Committee on Economic Affairs of India, chaired by the Prime Minister Shri Narendra Modi, has approved the development of four laning of Hubli-Hospet Section of NH-63 in Karnataka. Read more -
June 23, 2016
IRB Infrastructure closes financing for road PPP
As we reported in September 2015, IRB Infrastructure was awarded by National Highways Authority of India (NHAI) with the contract for the development of the PPP road project. The contract was signed in September 2015.The total cost of this project is INR26.5 billion, out of which equity contribution by the company will be INR8.73 billion (US$129 million) and remaining will be funded through Project finance of INR16.50 billion (US$243.5 million). The average cost of debt of this Project finance is approx. 11.25% per year.A consortium of lenders comprising of IDBI Bank Limited - Lead Institution, India Infrastructure Finance Company Ltd. (IIFCL), Bank of India, Bank of Maharashtra, UCO Bank, Andhra Bank and Punjab National Bank have financed this project. Read more -
June 20, 2016
India´s Niif and Qatar investment authority sign MOU to boost infra investments
The Indian National Investment and Infrastructure Fund (NIIF) and Qatar Investment Authority (QIA) have signed a Memorandum of Understanding (MoU) to boost infrastructure investment in India. It has been signed during the visit of Prime Minister Narendra Modi to Doha. Read more
