STHPL Submits Draft Documents For Financial Closure For NHAI Project
Sadbhav Tumkur Highway Private Limited (STHPL) - wholly owned subsidiary of the Sadbhav Infrastructure Project Limited has submitted draft financing documents to National Highways Authority of India (NHAI) in relation to Financial Close. Salient features of the debt tie-up are as follows -
| Particulars | Rs. Crs |
| Bid Project Cost * | 1008.00 |
| Total Project Cost * | 1008.00 |
| Rupee Term loan | 430.00 |
| Payment during construction period from NHAI * | 403.20 |
| Company's contribution | 174.80 |
| Rupee Term loan tenure (from Appointed Date) | 15 years & 8 months |
| Interest rate linked to benchmark rate | 10.25% p.a. |
*Shall be adjusted for variation in Price Index from the Bid Date
Project description is as follows -
Four laning of Tumkur - Shivamogga section from Km. 121 +900 (Banwara) to Km. 170+415 (Bettadahalli) of NH-206 on Hybrid Annuity Mode under NHDP Phase-IV in the state of Karnataka. (Package - III).
