Ceigall India Secures Funding for Two Uttar Pradesh Projects
Ceigall India has achieved financial closure for two HAM projects in Ayodhya, Uttar Pradesh, with a total project value of Rs 2,498.50 crore.
New Delhi, Feb 20 (PTI) Infrastructure company Ceigall India on Thursday said it has achieved financial closure for two projects in Uttar Pradesh.
Total project value is Rs 2,498.50 crore, Ceigall India said in a statement.
"The company has successfully achieved financial closure for two Hybrid Annuity Mode (HAM) projects in Ayodhya -- Northern Ayodhya Bypass (35.40 km) and Southern Ayodhya Bypass (32.17 km)," it said.
Both closures were secured within 83 days -- well ahead of the 150-day timeline set by the National Highways Authority of India (NHAI).
Achieving financial closure means having in place all the approvals as well as funding arrangements for a project.
Total project value is Rs 2,498.50 crore, Ceigall India said in a statement.
"The company has successfully achieved financial closure for two Hybrid Annuity Mode (HAM) projects in Ayodhya -- Northern Ayodhya Bypass (35.40 km) and Southern Ayodhya Bypass (32.17 km)," it said.
Both closures were secured within 83 days -- well ahead of the 150-day timeline set by the National Highways Authority of India (NHAI).
Achieving financial closure means having in place all the approvals as well as funding arrangements for a project.
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