8-laning of section Ankleshwar to Manubar, part of Vadodara-Kim Expressway

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The project includes construction of eight-lane Vadodara-Kim Expressway from Ankleshwar to Manubar section of Vadodara-Mumbai Expressway from 279.00 km to 292.00 km in Gujarat under NHDP Phase-VI on hybrid annuity mode (Phase-IA, Package-IV). The accepted bid project cost is Rs 1,687 crore. The construction period is 910 days from the appointed date and the operation period is 15 years from COD. SPV is Ashoka Ankleshwar Manubar Expressway, a wholly owned subsidiary of the sponsor Ashoka Buildcon and covers $ 62.37 million in equity, undisclosed financial institution provides also $ 81.7 million in debt while NHAI grants the project $ 96.04 million. Financial close occurred on October 4, 2018. https://www.projectstoday.com/News/Ashoka-Concessions-receives-appointed-date-for-Vadodara-Mumbai-Expressway WB files