IRB Infra achieves Rs 6,610 cr financial closure for Mumbai-Pune Expressway project
IRB Infrastructure Developers on Thursday said it has achieved the Rs 6,610 crore financial closure for its first and India’s largest TOT (toll-operate-transfer) project ‘Mumbai Pune Expressway’.
The company said the single largest debt tie-up in Indian roads and highways sector for Rs 6,610 crore was closed in stipulated time amidst coronavirus pandemic.
“IRB MP Expressway Pvt Ltd, a special purpose vehicle (SPV) of India’s leading and largest highways infrastructure developer, IRB Infrastructure Developers Ltd, has successfully achieved financial closure for its first and India’s largest TOT project – Mumbai Pune Expressway,” the company said in a statement.
