Tuesday , October 26 2021

Sadbhav Infrastructure Project’s arm submits financial closure for Karnataka project

Sadbhav Infrastructure Project’s wholly owned subsidiary — Sadbhav Tumkur Highway (STHPL) has submitted draft financing documents to National Highways Authority of India (NHAI) in relation to Financial Close.

The company has submitted the same for project of four laning of Tumkur-Shivamogga section from Km. 121 +900 (Banwara) to Km. 170+415 (Bettadahalli) of NH-206 on Hybrid Annuity Mode under NHDP Phase-IV in the state of Karnataka. (Package-III).

With these, the company has completed its obligation with respect to financial close of its all twelve Hybrid Annuity projects. Out of these 12 Hybrid Annuity projects, it has received appointed date for 8 projects.

Sadbhav Infrastructure Project is one of the leading road BOT companies in India that specializes in the development, operation and maintenance of highways, roads and related projects. The company, a subsidiary of Sadbhav Engineering (SEL), was incorporated in 2007 as a developer and operator for highways, road and related projects on a BOT basis.

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