Delhi-Mumbai Expressway (Bandikui - Jaipur section)

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The project involves the construction of the 67km 4-lane road between Bandikui and Jaipur, which is part of the 1,350km Delhi-Mumbai Expressway in Rajasthan, India. The concession is structured as a hybrid annuity mode (HAM) in which the National Highways Authority of India (NHAI) pays 40% of the total project expenditure. The HAM also includes a 15-year O&M period and the construction period is 2 years. The greenfield expressway spur from Delhi-Vadodara Greenfield expressway near Bandikui to Jaipur in Bharatmala Pariyojana Phase-I. The total value of the project is $165 million and the highway agency in named GR Infraprojects (through an SPV called GR Bandikui Jaipur Expressway Private) as the preferred bidder in March 2022, following a competitive bidding process in which NHAI received bids from 13 firms. The sponsor reached commercial close in June 2022 and achieved financial close on 20 October, 2022. Realfin https://www.equitybulls.com/category.php?id=322038 https://www.ijglobal.com/articles/168301/delhi-mumbai-expressway-spur-ppp-reaches-financial-close