A Consortium of Lenders comprising of IDBI Bank, IIFCL, IDFC Ltd, Indian Overseas Bank, Union Bank of India and Andhra Bank have financed this project.
IRB Infrastructure Developers Ltd has informed BSE that Yedeshi Aurangabad Tollway Pvt. Ltd. wholly-owned Subsidiary of the Company, has achieved financial closure in terms of the Concession Agreement executed with NHAI, by tying up of Project finance of Rs. 1,756 Crore.
The total cost of this project is Rs. 3,177 Crore, out of which Viability Gap Funding from NHAI will be Rs. 558 crores, equity contribution by the Company will be approx. Rs. 863 Crore and remaining will be funded through Project finance of Rs. 1,756 Crore. The average cost of debt of this Project finance is approx. 11.75% p.a. The concession period for the project is 26 years.
A Consortium of Lenders comprising of IDBI Bank Limited - Lead Institution, India Infrastructure Finance Company Ltd. (IIFCL), IDFC Limited, Indian Overseas Bank, Union Bank of India and Andhra Bank have financed this project
The total cost of this project is Rs. 3,177 Crore, out of which Viability Gap Funding from NHAI will be Rs. 558 crores, equity contribution by the Company will be approx. Rs. 863 Crore and remaining will be funded through Project finance of Rs. 1,756 Crore. The average cost of debt of this Project finance is approx. 11.75% p.a. The concession period for the project is 26 years.
A Consortium of Lenders comprising of IDBI Bank Limited - Lead Institution, India Infrastructure Finance Company Ltd. (IIFCL), IDFC Limited, Indian Overseas Bank, Union Bank of India and Andhra Bank have financed this project
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