PNC Triveni's Update On Achievement Of Financial Closure
PNC Triveni Sangam Highways Private Limited, wholly owned subsidiary of PNC Infratech Limited, has submitted duly executed financing documents to National Highways Authority Of India (NHAI) under Hybrid Annuity Model (HAM) Projects.
Detailed information is annexed below:
|SPV Name and Projects||Bid Project Cost (Rs. In Crores)||Construction and Concession Period|
|PNC Triveni Sangam Highways Private Limited [Six-laning of Chakeri Allahabad section NH-2 (from km 483.687 to km 628.753) in the state of Uttar Pradesh under NHPD Phase-V]||2159.00||Construction Period (910 days) Concession Period (17.5 years)|
The Company is within the time frame for achievement of Financial Closure as specified in the Concession Agreement for this project.