NHAI unveils funding pattern for Delhi-Mumbai e-way
The NHAI will fund the 1,250-km Delhi-Mumbai Expressway project through a mix of debt and equity in the ratio of 9:1. “Expenditure other than land acquisition during construction period will be about Rs 53,849 crore, to be funded through Rs 48,464 crore debt and equity of about Rs 5,385 crore from NHAI, with debt equity ratio marked at 9:1,” the NHAI said in a statement on Tuesday.
The authority has already set up a fully-owned special purpose vehicle (SPV) DME Developers (DMEL) for executing the expressway project. The SPV has received AAA rating from Crisil, CARE and India Rating, the authority said.
“For the project, DMEL’s role will be limited to housing the debt and servicing thereof.
