PNC Infratech Achieves Financial Closure For Two HAM Projects
PNC Infratech Limited (the Company) informs that Company’s following wholly owned subsidiaries have received the financial closure letter from National Highways Authority of India (NHAI):
1. PNC Challakere (Karnataka) Highways Private Limited, financial closure letter dated 1st January 2019 received on 8th January 2019.
2. PNC Aligarh Highways Private Limited, financial closure letter dated 14th December 2018 received on 9th January 2019.
Details of the projects:
| Name of SPV and Project | Bid Project Cost (Rs. In Crores) | Construction and Concession Period | Date of Financial Closure |
SPV: PNC Challakere (Karnataka) Highways Private Limited Project: Development of Four Laning from km 358.500 to km 414.205, Challakere to Hariyur section of NH-150 A, On Hybrid Annuity Mode under Bharatmala Pariyojna in the State of Karnataka | 1157.00 | Construction Period: 730 days Concession Period including Construction Period: 17 years | 7-Dec-2018 |
SPV: PNC Aligarh Highways Private Limited Project: Development of Four 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, On Hybrid Annuity Mode under Bharatmala Pariyojana | 1197.00 | Construction Period: 730 days Concession Period including Construction Period: 17 years | 5-Nov-2018 |
