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4-Laning of Chakur-Loha, section of NH-361

Sector: Road • Location: India

Source: World Bank Group

Project
Active

The project entails the construction of Four Laning of Chakur-Loha Section of NH-361 from km. 114.600 to km. 187.800 (Design length 73.345 km.) under NH (O) in the State of Maharashtra on Hybrid Annuity Mode. SPV is MEP Longjian CLR, a wholly owned subsidiary of MEP Infrastructure Developers that covers $ 17.12 million, YES Bank is the lead debt arranger, the debt itself is in amount of $ 68.45 mi

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The project “4-Laning of Chakur-Loha, section of NH-361” is an infrastructure initiative in the Road sector, located in India. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project entails the construction of Four Laning of Chakur-Loha Section of NH-361 from km. 114.600 to km. 187.800 (Design length 73.345 km.) under NH (O) in the State of Maharashtra on Hybrid Annuity Mode. SPV is MEP Longjian CLR, a wholly owned subsidiary of MEP Infrastructure Developers that covers $ 17.12 million, YES Bank is the lead debt arranger, the debt itself is in amount of $ 68.45 million. NHAI contributes for the project with a grant of $ 57.05 million. The concession period is 15 years including Construction Period of 730 days. Financial close took place on March 11, 2019. https://www.equitybulls.com/admin/news2006/news_det.asp?id=247606

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