Vadodara - Halol Toll Road
Sector: Road • Location: India
Source: World Bank Group
IL&FS entered into a joint-venture agreement with the Gujarat State to expand the existing two-lane road into a four-lane divided carriageway, as well as maintain and operate the facility for a 30-year period. IL&FS holds 33.3% of the project company's shares, while the state government holds 33.3%; AIG India Sectoral Equity Fund and Punj Lloyd Ltd. hold 16.7% of the shares each.
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | IL&FS entered into a joint-venture agreement with the Gujarat State to expand the existing two-lane road into a four-lane divided carriageway, as well as maintain and operate the facility for a 30-year period. IL&FS holds 33.3% of the project company's shares, while the state government holds 33.3%; AIG India Sectoral Equity Fund and Punj Lloyd Ltd. hold 16.7% of the shares each. The construction works started in Mar. 1999 and were expected to be completed in 18 months. Besides equity investments, the sponsors are issuing bonds amounting to US$4 million to finance the US$35.5 million project. Vadodara-Halol Toll Road Ltd. (VHTRL) reported lower than expected traffic in its first years of operation to the company opted for debt restructuring in 2004. As a result of the debt restructure, Vadodara-Halol Toll Road Ltd. (VHTRL) merged with Ahmedabad-Mehsana Toll Road Ltd., whch was another SVP for a road project owned by IL&FS, into Gujarat Roads and Infrastructure Company Ltd (GRICL). http://www.rnbgujarat.org/vhtrl.htm |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |