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Hungud - Muddebihal - Talikot Highway

Sector: Road • Location: India

Source: World Bank Group

Project
Active

The project envisages up gradation of Hungud - Muddebihal - Talikot road in Karnataka. The total length of the road is 57 km.

Ashoka Hungud Talikot Road Limited ("Project company") will develop the project on a BOT (Annuity) basis. The concession agreement was signed on December, 10 2015 and is for a duration of 10 years. Under the terms of the agreement the developer will receive $9.8 million (

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The project “Hungud - Muddebihal - Talikot Highway” 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

The project envisages up gradation of Hungud - Muddebihal - Talikot road in Karnataka. The total length of the road is 57 km. Ashoka Hungud Talikot Road Limited ("Project company") will develop the project on a BOT (Annuity) basis. The concession agreement was signed on December, 10 2015 and is for a duration of 10 years. Under the terms of the agreement the developer will receive $9.8 million (650 crore) grant. Ashoka will recoup its investment through semi-annual annuity. Total project cost amounts to 294 crore ($44.2 million) as per the latest information release of Ashoka Buildcon Ltd. Details on the financing of the projects are not disclosed. https://www.ashokabuildcon.com/pdf/Ashoka%20Investor%20Presentation%20Feb'17-web.pdf Financial details not disclosed

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