MEP Infrastructure Developers has announced financial close for three Hybrid-Annuity (HAM) road projects in Indian State Maharastra. The lead lender in the transcationr is YES bank, securing investments of INR14,000 million (US$ 204.48 million). The three HAM road projects are sections of NH-361 (Ausa-Chakur, Chakur-Loha and Loha-Waranga) with works of road widening.
The project costs are are INR8,480 million (US$ 122,73 million), INR10,000 million (US$ 144,73 million) and INR10,730 million (US$ 155,29 million) respectively. Apart from investment from YES bank the remaining cost of projects will be grants from NHAI and equity contribution from developer.
Country updates
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March 25, 2019
GVK group to increase its stake in MIAL from 50.5% to 74%
GVK Group is set to increase its stake in Mumbai International Airport Limited (MIAL). Recently GVK acquired 13.5% stake from South Africa-based Bidvest Services and will acquire 10% stake of ACSA Glo...
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March 22, 2019
Cube Highways to acquire Delhi-Agra Toll Road from Reliance Infrastructure
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March 06, 2019
Indian state government to challenge Adani's airport win in court
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March 04, 2019
Cube Highways to acquire more highway concessions from KNR Constructions
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March 01, 2019
GIC, Mitsubishi Corp in talks to acquire 25-30% stake in GMR Airports
Singapore's GIC and Mitsubishi Corporation are reportedly in talks with GMR Infrastructure to acquire minority stakes in its subsidiary that focuses on the aviation sector, GMR Airports. The companies...
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