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Upgrade to 8-Laning of section Vadape to Thane part of NH-3

Sector: Road • Location: India

Source: World Bank Group

Project
Active

The project entails the upgrade to 8-Laning from the existing 4-Lane from Vadape to Thane (km. 539.202 to km. 563.000)Section of NH-3 (new NH-848) in the State of Maharashtra. SPV is MEP Longjian VTR Private Limited, a wholly owned subsidiary of MEP Infrastructure Developers. The sponsor secured $ 19.56 million for the construction, a debt is also provided by unknown financial institution in amoun

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The project “Upgrade to 8-Laning of section Vadape to Thane part of NH-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

The project entails the upgrade to 8-Laning from the existing 4-Lane from Vadape to Thane (km. 539.202 to km. 563.000)Section of NH-3 (new NH-848) in the State of Maharashtra. SPV is MEP Longjian VTR Private Limited, a wholly owned subsidiary of MEP Infrastructure Developers. The sponsor secured $ 19.56 million for the construction, a debt is also provided by unknown financial institution in amount of $ 78.26 million, NHAI also provides $ 65.22 million as a grant covering 40 % of the total cost. The type of concession is Hybrid Annuity Model with 15 years period and 2.5 years for construction. Financial close took place on December 31, 2018. https://www.bseindia.com/xml-data/corpfiling/AttachLive/cf3007f6-3048-4b63-8d51-76f783081e42.pdf

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