SKEPL Submits Financial Closure Documents To NHAI
Sadbhav Kim Expressway Private Limited ("SKEPL"), a wholly owned subsidiary of the Sadbhav Infrastructure Project Limited has submitted draft financing documents to NHAI in relation to Financial Closure. Salient features of the debt tie-up are as follows -
| Particulars (Rs. crs.) | SKEPL |
| Bid Project Cost* | 1404 |
| Total Project Cost* | 1404 |
| Rupee Term loan* | 660 |
| Payment during construction period from NHAI * | 561.60 |
| Company's contribution* | 182.40 |
| Rupee Term loan tenure (from Appointed Date) | 15 years and 8 months |
| Interest rate linked to benchmark rate | 9.75% PA |
*Shall be adjusted for variation in Price Index from the Bid Date
Project description is as follows -
Construction of Eight lane Vadodara Kim Expressway from Km. 254.430 to Km. 279.000 (Kim to Ankleshwar Section of Vadodara Mumbai Expressway) in the state of Gujarat under NHDP Phase - VI (Phase IA - Package V) on Hybrid Annuity Mode.
