Bids for the first mega road project are in. 13 proposals have been submitted

I just read today that the first megaroad project is out in tender and 13 proposals have been submitted. I remember that the first two tenders were announced two months ago.

A consortium formed by Grup Maritim TCB, S L Spain; Obrascon Huarte Lain, S A, Spain; Lanco Infratech Ltd and Eredene Capital PLC, UK/India, has bagged the project

The consortium signed financial close for the project

NHAI awarded an additional 19.20 km section of highway to the SPV, in respect of which it is carrying out operations and maintenance services.

BORROWING OVERSEAS FOR INFRASTRUCTURE PROJECTS IN INDIA

Infrastructure companies may soon be able to refinance part of their domestic debt through borrowings overseas. This will allow them to raise funding from a wider range of sources, and give them acces...