6-laning of NH5 road between Chandikhole and Bhadhrak

active

The project envisages rehabilitation and upgrade to Six-Laning of Chandikhole-BhadrakSection of NH-5 (New NH-16) from km 62.000 to km 136.500 in the Srare of Odisha to be executed as Hybrid Annuity Project under NHDP phase V. SPV is DBL Chandikhole Bhadrak Highways Pvt Ltd a wholly owned subsidiary of Dilip Buildcon Limited. Total cost of the project is $ 214.72 million, the sponsor covers $ 60.58 million, NHAI covers another 40 % of the total cost ($ 85.89 million) and the remaining of the finance is secured as a debt provided by SREI Infrastructure Finance in amount of $ 68.52 million. The period of the concession is 15 years in addition to that the construction period is 30 months. Financial close took place on September 4, 2018. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1c3e014b-f1e7-437a-9655-233bba9b94b2.pdf DL loans file