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Our Bureau

Hyderabad , Dec. 5

Thanjavur Expressways Ltd, a BOT (build, operate and transfer) toll road project, promoted by Madhucon Projects Ltd (MPL), costing Rs 390 crore has achieved financial closure.

Canara Bank is the leader of the consortium and SBI Capital Markets Ltd syndicated the debt component. The project envisages the design, construction, development, operation and maintenance of a stretch of road between Tiruchi and Thanjavur in Tamil Nadu on the NH-67.

The project cost of Rs 390 crore with a 20-year concession period, also includes a positive grant of Rs 76 crore. It is the third BOT toll road project promoted by MPL, according to a company press release here .

The other two include Madhucon Agra-Jaipur Expressways Ltd and TN Expressways Ltd, where construction work has already started. The fourth BOT project involved the Madurai-Tuticorin section of the NH-45B, also in Tamil Nadu at a total cost of Rs 920 crore.

More Stories on : Roadways | New Business | Tamil Nadu

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