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The VM7 Expressway, a Wholly-owned Subsidiary and an SPV of the IRB Infrastructure Developers, India s leading and one of the largest highway
developers has achieved Financial Closure for its Gandeva - Ena HAM project in Gujarat.
The project is 8 laning of Gandeva - Ena section of 27.500 Kms on the upcoming Vadodara
Mumbai Expressway under the Bharatmala Pariyojana (Phase I, Package VII)
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IRB Infra s SPV achieves Financial Closure for Gandeva - Ena HAM Project
Posted On: 2021-01-18 04:23:49 (Time Zone: Arizona, USA)
The VM7 Expressway Pvt. Ltd., a Wholly-owned Subsidiary and an SPV of the IRB Infrastructure Developers Ltd., India s leading and one of the largest highway developers has achieved Financial Closure for its Gandeva - Ena HAM project in Gujarat.
The project is 8 laning of Gandeva - Ena section of 27.500 Kms on the upcoming Vadodara Mumbai Expressway under the Bharatmala Pariyojana (Phase I, Package VII)
While commenting on the development Mr. Virendra D. Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers Ltd. said, This is our second debt tie-up in the challenging environment caused due to the COVID-19 pandemic outbreak. Six months ago, in a rather tougher environment, we had achieved the financial closure with the single largest debt commitment by any Indian Bank, for our Mumbai Pune Expressway TOT project. Post VM7, we don
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