The National Highway Authority of India has offered a loan of ₹260 crore to Reliance Infrastructure subsidiary PS Toll Road Private Limited, Mumbai Mirror reported on Wednesday.
NHAI has approved the loan to the Anil Ambani run firm to complete the widening of the 140 km stretch of the Pune-Bangalore highway despite meeting deadlines.
NHAI had decided to extend the loan to the company under NHAI’s One Time Fund Infusion Scheme (OTFIS) in the presence of Union Minister for Surface Transport, Nitin Gadkari the report said.
PS Toll Road has till now had five extensions to complete the project since its allotment back in 2010. The deadline was extended to June 2019 last year.
