IRB Infra's Subsidiary Achieves Financial Closure For Project In Tamil Nadu
IRB PP Project Private Limited - Wholly-owned Subsidiary (SPV) of the IRB Infrastructure Developers Limited, has achieved financial closure for the Project within the timeline as specified in the concession agreement executed for the Project. Details of the Project being implemented by the SPV is as under:
| Name of the Project | Construction and Operation Period | NHAI Bid Project Cost (Rs. In Crores) | Company's Bid Project Cost (Rs. in crores) | Project cost appraised by the lender & Means of Finance (Rs.In Crores) |
| Four Laning of Puducherry (Km.29.000) to Poondiyankuppam(Km. 67.000) Section of NH-45A (New NH-32) | 730 days Construction Period; 15 years operation Period | 1045.47 | 1296.00 | NHAI Support 543 Project Finance 617 Equity Contribution 159 Total Project Cost 1319 |
