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Ashoka Belgaum Dharwad Tollway Pvt Ltd

Sector: Road • Location: India

Source: World Bank Group

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Ashoka Belgaum Dharwad Tollway Pvt Ltd was created to implement the expansion to four to six Lanes Belgaum-Dharwad Section of NH-4 KM 433.00 to KM 515.00 (Length 79.36 KM) in the State of Karnataka. The National Highway Authority of India (NHAI) awarded the project to Ashoka Belgaum Dharwad Tollway Pvt Ltd, a subsidiary of Ashoka Buildcon (100%) on Designing, Building, Financing, Operation and Ma

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The project “Ashoka Belgaum Dharwad Tollway Pvt Ltd” 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

Ashoka Belgaum Dharwad Tollway Pvt Ltd was created to implement the expansion to four to six Lanes Belgaum-Dharwad Section of NH-4 KM 433.00 to KM 515.00 (Length 79.36 KM) in the State of Karnataka. The National Highway Authority of India (NHAI) awarded the project to Ashoka Belgaum Dharwad Tollway Pvt Ltd, a subsidiary of Ashoka Buildcon (100%) on Designing, Building, Financing, Operation and Maintenance basis under NHDP Phase V in June 2010. The project company had 30-year build, own and transfer (BOT) toll concession to implement the project. The project cost was estimated to be Rs6.94 billion ($151.76 million) Concession reached financial closure in Dec 2010. Financing comprised Rs4.79bn 16-year 5months term loan, Rs1.2bn 16-year 5months term loan debt and Rs950m equity. The debt was arranged by IDFC. Construction started in Dec 2010 and was expected to be complete on June 2013.

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