KNR Constructions’ subsidiary - KNR Walayar Tollways (KWTPL), which is implementing the project for four laning of 53.89 km Walayar-Vadakkancherry Section of NH- 47 from km 182.250 to km 240.000 in the state of Kerala under NHDP Phase II through Public Private Partnership (PPP) on Design, Build, Finance, Operate and Transfer (DBFOT) Toll Basis has signed the financing documents with Central Bank of India, Bank of India, Corporation Bank, Canara Bank and Vijaya Bank.
The project cost is Rs 900.51 crore which would be financed by means of equity of Rs 135.91 crore, grant of Rs 264.60 and debt of Rs 500.00 crore. As per the Concession Agreement executed by KMWPL with NHAI, the concession period for the project is 20 years including construction Period of 910 days.
KNR Constructions is an infrastructure development company providing engineering, procurement and construction services across various fast growing sectors, namely, roads and highways, irrigation and urban water infrastructure management.
