PNC Infra Update On Financial Closure Of HAM Project In UP
PNC Infratech Limited (the Company) informs that “PNC Aligarh Highways Private Limited”, wholly owned subsidiary of the Company, has submitted duly executed financing documents to NHAI for the following Hybrid Annuity Model (HAM) Project:
|Name of SPV and Project||Bid Project Cost (Rs. in Crores)||Concession Period|
PNC Aligarh Highways Private Limited (Concessionaire)
4-laning of Aligarh-Kanpur Section from km.186.000 (Design Chainage 195.733) to km.229.000 (Design Chainage 240.897) (Package II from Bhadwas-Kalyanpur) of NH 91 in the State of Uttar Pradesh)
|1197.00||17.5 years including Construction Period of 910 days|
The Company is within the stipulated time frame with regard to the Financial Closure as stipulated in the Concession Agreement. Other details of the Project have already been shared with the Exchanges earlier.