Kathmandu-Kulekhani-Hetauda Tunnel Highway

Active

Prospective

The Kathmandu-Kalekhani-Hetauda Tunnel Highway is a 58km toll road (Including 4.5km of tunnels) running from Balkhu, Kathmandu to Hetauda, Makawanpur. The toll road is owned and run by Nepal Purwadhar Bikash Company Limited (100%). This concession agreement is instituted as a People, Private & Public Partnership (4Ps) under Private Financing in Build and Operation of Infrastructures, 2006 Act Nepal Purwadhar Bikash Company Limited entered into a 30yr concession agreement with the Government of Nepal (Ministry of Physical Infrastructure & Transport) with a provision of an additional 5yrs. Construction is to be completed within four years of the signing date. Nepal Purwadhar Bikash Company Limited filed the necessary paperwork for financial closure with Ministry of Physical Infrastructure & Transport in March, 2015. Of the projected $350m USD costs, $70m USD will be financed through equity by the sponsor (60% Promoter Shares, 40% IPO), and $280m USD will be debt financed by Canadian firms being led by Infrabanx Corporation, which is a bilateral organization. The other participants are Shej Global Canada and Global Financial Services Canada. Kathmandu-Kulekhani-Hetauda Tunnel Highway is expected to be fully operational by December, 2018. Find copies of concession agreement, government approval of financial closure, and debt supplier information. Also look for IPO information when company goes public. Sources: NPBCL website: http://npbcl.com/kkht.php news and journal article: http://www.sharesansar.com/viewnews.php?id=25900 https://www.linkedin.com/pulse/case-study-kathmandu-kulekhani-hetauda-tunnel-highway-anil-shrestha http://kathmandupost.ekantipur.com/news/2014-05-15/financial-closure-for-hetauda-tunnel-highway-submitted.html http://www.myrepublica.com/portal/index.php?action=news_details&news_id=81585

Transport

Nepal

World Bank Group

Project

Commercial, Government, Road, Tunnel, Manufacturing (Industrial)