Sadbhav Infrastructure Project’s wholly owned subsidiary -- Sadbhav Jodhpur Ring Road (SJRRPL) -- has achieved Financial Close within the timelines stipulated in accordance with the Concession Agreement dated February 06, 2018. The project is for Four Laning of Dangiywas (km 96.595 of NH-112) to Jajiwal (km 283.500 of NH-65 Nagaur Road) section Package-I (Design length 74.619 km) of Jodhpur Ring Road (In Principally declared NH) in the State of Rajasthan under NHDP Phase-VII. Appointed Date for this project is expected soon.
The Bid Project Cost is Rs 1,161.00 crore, Rupee Term loan of the project is Rs 530.88 crore, Payment during construction period from NHAI is Rs 464.40 crore, the company's contribution is Rs 132.72 crore, Rupee Term loan tenure (from Appointed Date) is 16 years and Interest rate linked to 1-yr MCLR of respective banks is 9.45% p.a.
With this, company has achieved Financial Close for eight Hybrid Annuity Projects (HAM) within the stipulated timelines in accordance with the respective Concession Agreement and construction is already in progress for seven HAM.
