Ashoka Belgaum Updates On Achievement Of Financial Closure
Ashoka Buildcon Limited (the Company) informs that Ashoka Belgaum Khanapur Road Private Limited, a wholly owned subsidiary of Ashoka Concessions Limited, a Subsidiary of the Company, is in receipt of letter from National Highways Authority of India (NHAI) for the Approval of Financial closure for the Hybrid Annuity (HAM) Project as mentioned below.
|SPV name and Project||NHAI Estimated Project Cost (Rs. Crore)||SPV Bid Project Cost (Rs. Crore)||Construction & Operation Period|
|Ashoka Belgaum Khanapur Road Private Limited Construction of Four (4) Lane of Belgaum Khanapur Section Km 0+000 - Km 30+800 (Design chainage Km 0+000 to Km 30+000) of NH-4A in the State of Karnataka on Hybrid Annuity Mode (Project)||896.81||856.20|
Construction period: 2.5 yrs. from appointed date.
Operation Period: 15 years from COD