Lanco Infratech has achieved financial
closures for the two road projects at Karnataka, awarded by National Highways
Authority of India (NHAI) on build-operate-transfer (BOT) basis.
The two road projects are the 81 km
Bangalore-Hoskote-Mudbagal stretch on NH 4 and 82 km
Neelamangla-Devihalli stretch on NH 48. The project involves six laning of
16 km stretch and four laning of the remaining stretches. The total project cost
is estimated at Rs.1,348 crore.
The debt requirement for these
projects has been tied up with State Bank of India and its associate banks with
State Bank of India being at the lead. The concession periods for NH 4 and NH 48
road projects are 20 and 25 years respectively including 30 months of
construction period. The projects will be financed through a mix of equity, debt
and grant from NHAI.
Also See:
NHAI signs
agreement for two BOT projects in Karnataka (09-Sep-07)