Palsit Dankuni Tollway Pvt. Ltd, an SPV of IRB Infrastructure Developers Ltd, has achieved financial closure for its BOT project of 6 laning of NH19 corridor between Palsit to Dankuni in the State of West Bengal in India.
The financial close is achieved for the project bid cost of INR23.14 billion (US$313.35 million). The SPV has inked a financial agreement with IRB Infra and IRB Infrastructure Trust to provide an investment of INR16.5 billion (US$223.43 million) for the project. The project concession period is 17 years from the appointed date, including construction period of 910 days.
Cintra has completed the acquisition of a 24.86% stake in Indian company IRB Infrastructure Developers. The transaction is valued at EUR369 million (US$419.17 million). IRB Infrastructure Develo...
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Read moreNational Highway Authorities of India (NHAI) has executed concession agreement for six laning project of Chittoor-Thachur highway. Chittoor Thachur Highway Private Limited, a subsidiary of IRB in...
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