STPL to build Rs 2,092-cr highway project in Gujarat
Samakhiali Tollway Private Limited, a special purpose vehicle of IRB Infrastructure Developers, will execute the Samakhiyali-Santalpur highway project in Gujarat, with an investment of Rs 2,092 crore under the Build Operate and Transfer (BOT) model. STPL has successfully achieved financial closure through IRB Infrastructure Trust for the project in Gujarat. The consortium of lenders has extended debt support of Rs 1,446 crore for the project, while the remaining Rs 646 crore will come from equity contributions and internal accruals from the concessionaire. The project spans a length of 90.90 km, and the concession period extends for 20 years from the date of appointment.
📅Published on:
29 September 2023
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