The Maharashtra State Road Development Corporation (MSRDC) has received the first payment of INR 65 billion (US$ 872.13 million) from the SPV IRB MP Expressway Pvt Ltd. The SPV is managed by IRB infrastructure developers. The SPV was responsible for the operation and maintenance of toll road for 15 years until August 2019. After which the IRB infra won the contract to operate the toll road again for 10 years and 2 months at an investment of INR 82.62 billion (US$ 1.10 billion).
The concessionaire has completed the up-front amount transaction of INR 65 billion (US$ 872.13 million), the remaining payment will be made in year 2, 3 and 4 with installment amounting to INR 8.5 billion (US$ 114 million), INR 8.5 billion (US$ 114 million) and INR 620 million (US$ 8.31 million) consecutively.
Country updates
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June 18, 2020
IFC to assist in renewable energy PPP projects in India
International Finance Corporation (IFC) will provide advisory support and assist the Solar Energy Corporation of India Limited (SECI), Ministry of New and Renewable Energy, Government of India in...
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June 17, 2020
Privatization proposal for Delhi Metro
The NITI Aayog in India has proposed plans to privatize the Delhi Metro network (MRTS) operating in the National Capital Region (NCR) of India. Currently, the network is being operated by Delhi Metro...
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June 16, 2020
RFP launched for redevelopment of JLN stadium in New Delhi
The ministry of sports in India has launched a request for proposal (RFP) seeking a private developer for redevelopment works for Jawaharlal Nehru Stadium in New Delhi. The objective is to p...
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June 11, 2020
Edelweiss Infra Yield Plus Fund acquires two annuity road assets of Navayuga Group
Edelweiss Infrastructure Yield Plus (YIELD+) an AIF managed by Edelweiss Alternative Asset Advisors Ltd. (EAAA), along with its portfolio company Sekura Roads Limited (SRL) announced the acquisit...
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June 01, 2020
RFEOIs seeking consultants for IFC COVID-19 response program in South Asia
International Finance Corporation (IFC) has launched two requests for expression of interest (RFEOI) seeking a general and technical consultant for the COVID - 19 response program in South Asia....
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