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Chittor - Thatchur expressway (Package 3)

Sector: Road • Location: India

Source: World Bank Group

Project
Active

This project entails the construction of the six-lane expressway Chittoor - Thatchur from 61.380 km to 96.040 km (package 3), located in the state of Andhra Pradesh and Tamil Nadu. The project company is KNR Ramagiri Infra, wholly-owned by the sponsor KNR Constructions. The concession is under the hybrid annuity mode (HAM) and has period of 15 years from commercial operation date (COD). Total inve

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The project “Chittor - Thatchur expressway (Package 3)” 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

This project entails the construction of the six-lane expressway Chittoor - Thatchur from 61.380 km to 96.040 km (package 3), located in the state of Andhra Pradesh and Tamil Nadu. The project company is KNR Ramagiri Infra, wholly-owned by the sponsor KNR Constructions. The concession is under the hybrid annuity mode (HAM) and has period of 15 years from commercial operation date (COD). Total investment stands at $137.53 million, of which the government provides 40% of the capital expenditures, which is part of the hybrid annuity mode (HAM) concession specifics. Financial close took place on 30 March, 2022. https://www.projectstoday.com/News/KNR-Constructions-receives-LoA-for-Chittor-Thatchur-highway https://www.icicidirect.com/mailimages/IDirect_KNR_Q1FY23.pdf https://equitybulls.com/category.php?id=310547 https://www.projectstoday.com/News/KNR-Constructions-achieves-financial-closure-for-Chittoor-Thatchur-Highway

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