GMR Infrastructure’s arm achieves financial closure for Mega Highway Project

25 May 2012

GMR Infrastructure’s subsidiary GMR Kishangarh Udaipur Ahmedabad Expressways has achieved the financial closure, for its flagship Mega Highway Project, the first of its kind awarded by National Highways Authority of India (NHAI). The debt component of Rs 540 crore required for the project has been financially closed.

The company will start earning revenues from first day of operation, being a 6 laning project. Following achieving the financial closure, the company has attained a significant milestone for the project.

The Group has balanced portfolio of 4 annuity projects and 6 toll projects (6 have already commenced operation and 2 are in advanced stage of completion) totaling 6685 lane kms cross the length and breadth of the company.

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