Upgrade to 4-lane of section Rewari-Ateli Mandi, part of NH-11

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The scope of the project includes upgradation of four lane of Rewari-Ateli Mandi (Package-III) section of NH-11 from 11.780 km at Rewari to Ex 43.445 km near Ateli Mandi (design length 30.45 km) as Feeder Route in Haryana on hybrid annuity mode (HAM). SPV is H.G. Rewari Ateli Highway Private Limited, a wholly owned subsidiary of the sponsor HG Infra. The National Highway Authority of India will provide 40 % of the required finance for the implementation of the project. Concession period is 17 years (including 2.5 years of construction period). The estimated project cost is $80.67 million, which is proposed to be funded by an equity of $11 million, term loan of $34.23 million and the balance through the NHAI’s grant. Financial close took place on January 14, 2020. Realfin https://www.icra.in/Rationale/ShowRationaleReport?Id=111810 https://www.indiainfoline.com/article/news-top-story/hg-infra-receives-financial-closure-letter-from-nhai-120010300377_1.html https://www.projectstoday.com/News/H-G-Rewari-Ateli-Highway-gets-appointed-date-for-road-project-in-Haryana