Indian expressway secures funding

An Indian expressway project has secured necessary funding.
Finance & Funding / October 12, 2022 25 seconds Read
By MJ Woof
A new expressway link will be built in India now funding is in place - image courtesy of © Bravoin | Dreamstime.com

Funding is now in place to pay for work on a 464km section of India’s Meerut-Prayagraj Ganga Expressway. The US$1.25 billion funding package is being provided by the State Bank of India (SBI) for the highway. 

Adani Enterprises (AEL) has a 30-year concession package for the highway, which has been awarded on the design-build-finance-operate-transfer (DBFOT) model. Meanwhile, AEL will provide an additional $833.4 million from its own sources to help pay for work on the expressway project.
 

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