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The Special Purpose Vehicle (SPV) Company Lucknow Varanasi Tollways Private Limited has raised financing for the project. The total cost of the project is Rs.1395.54 crores. Punjab National Bank has agreed to underwrite the term loan for an amount of Rs. 976.88 crores for the said project and the balance amount to be in the form of Equity
List of the country updates
Country updates
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July 10, 2012
Man Infrasconstruction said its subsidiary Manaj Tollway has signed a pact with the Maharashtra government
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July 10, 2012
The tender process has not been approved
The tender process has not been approved. The project is facing many serious hurdles
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July 09, 2012
Welspun Infratech Limited (India) and Leighton (Australia) have reduced its grant demand for taking up the port operator's role from the originally quoted sum of Rs.479.54 crore to Rs.399.50 crore
Welspun Infratech Limited (India) and Leighton (Australia) have reduced its grant demand for taking up the port operator's role from the originally quoted sum of Rs.479.54 crore to Rs.399.50 crore. This new offer is the result of a meeting on 4 July 2012
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July 09, 2012
The RFQ has been realunched
The RFQ has been realunched. The new deadline is 24 July 2012
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July 09, 2012
NHAI has relaunched the RFP to the 33 prequalified bidders
