Source: Moneycontrol.com

KMP Expressways Ltd., the Special Purpose Vehicle executing the Kundli-Manesar-Palwal Expressway, today announced that it has achieved the financial closure for the Kundli-Manesar-Palwal Expressways Project awarded by Haryana State Industrial and Infrastructural Development Corporation (HSIIDC). The KMP Expressway, also known as the western peripheral expressway is the largest expressway project in the country on Build Operate Transfer (BOT) basis. Out of the total cost of Rs.1915 crore, the SPV has tied up a debt of Rs. 1149 Crore, through a consortium of 12 banks/financial institutions led by IDBI Ltd. The arrangers for the debt are SBI Capital Markets Ltd. and IDBI Ltd.

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Posted by pichu at January 8, 2007 10:40 PM