Question 1

What are the key details for the project “Upgrade to 8-Laning of section Vadape to Thane part of NH-3”?

Accepted Answer

The project “Upgrade to 8-Laning of section Vadape to Thane part of NH-3” is an infrastructure initiative in the Commercial sector, located in India. Taiyo aggregates data on it from World Bank Group.

Question 2

What is the latest status of the project “Upgrade to 8-Laning of section Vadape to Thane part of NH-3”?

Accepted Answer

The status recorded for “Upgrade to 8-Laning of section Vadape to Thane part of NH-3” is Active.

Question 3

Who are the main government, EPC, and private stakeholders for “Upgrade to 8-Laning of section Vadape to Thane part of NH-3”?

Accepted Answer

Taiyo maps the stakeholders of “Upgrade to 8-Laning of section Vadape to Thane part of NH-3”: government bodies (World Bank Group).

Question 4

What is the budget and commercial profile for the project “Upgrade to 8-Laning of section Vadape to Thane part of NH-3”?

Accepted Answer

Taiyo normalizes the budget of “Upgrade to 8-Laning of section Vadape to Thane part of NH-3” to USD 163030000. The procurement structure is Public-Private Partnership (PPP).

Question 5

Where can I verify the source and access all details for “Upgrade to 8-Laning of section Vadape to Thane part of NH-3”?

Accepted Answer

This Taiyo project page references World Bank Group along with the original URL (https://ppi.worldbank.org/en/snapshots/project/upgrade-to-8-laning-of-section-vadape-to-thane-part-of-nh-3-9659). Taiyo standardizes official data into a consistent, searchable project profile.

Original status	Active
Taiyo status	Prospective
Taiyo last update	2026-07-22

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
Original sector	Transport
Procurement method
Budget

Record type	Project
Sector	Commercial, Road, Government
Article published date	2024-10-01

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

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

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