MEP Infrastructure Developers has announced achieving financial closure for three Hybrid Annuity (HAM) projects in Maharashtra. The road developer has secured over ₹1,400 crore project financing from lenders with YES Bank emerging as a lead lender.
The three projects for which financial closure has been achieved include four-laning of Ausa-Chakur, Chakur-Loha and Loha-Waranga sections of NH-361. The project cost of the projects are ₹848 crore, ₹1,000 crore and ₹1, 073 crore respectively. Apart from lenders’ funding, this includes grants from National Highways Authority of India (NHAI) and equity contribution from the developer.
With these financial closures, MEP has now tied up funds for all its nine HAM projects bagged from the NHAI.
