Decks cleared for Rs. 1050-cr road project

Panvel Indapur Road Project
Decks cleared the much delayed Panvel-Indapur project awarded to Supreme Infrastructure and had hit a roadblock after 53% completion has now been considered for one-time priority funding by National Highway Authority of India (NHAI), claimed Head spearheading the BOT wing of the nodal agency, Kamlesh Chechani, adding that NHAI has discussed with other lenders and will jointly move forward to do the funding.

The proposal is at an advanced stage as it might see concrete commitment on funding for the completed portion of the project. Once the NHAI funding comes through, the entire project is expected to be completed by March 2018. The company has also successfully worked out funding for its other major project for Jaipur Ring road and expects disbursements to begin in a month time.
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