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BRNL inks deal to sell Odisha road project, valued at around Rs 2000 cr

Bharat Road Network Limited (BRNL) has signed an agreement with India Highway Concession Trust, an infrastructure investment trust set up by Caisse de dépôt et placement du Québec (CDPQ), a global investor, for the sale of a BOT (build-operate-transfer) road project in the state of Odisha. BRNL is the largest shareholder, with a 40 per cent stake in the project. The share purchase agreement provides for the complete transfer of ownership of Shree Jagannath Expressway Private Limited, the special purpose vehicle (SPV) for developing a 67-kilometre toll road project from Bhubaneswar to Chandikhole, in Odisha. Project operations started in December 2011, with an initial concession period of 26 years.

Canadian fund manager buys BRNL highway project in Odisha for Rs 2,000 crore

Canadian fund manager buys BRNL highway project in Odisha for Rs 2,000 crore The BRNL highway project taken over by CDPQ is a 67 kilometre toll road project from Bhubaneswar to Chandikhole in Odisha. Sources close to the development told BusinessToday.In that the deal is valued between Rs 1,800 crore and Rs 2,000 crore Ashutosh Kumar | January 21, 2021 | Updated 16:54 IST Bhubaneswar to Chandikhole toll project started in December 2011 with a concession period of 26 years Canadian institutional fund manager, Caisse de depot et placement du Quebec (CDPQ), has bought a highway project in Odisha from highway developer Bharat Road Network Limited (BRNL) in a deal valued at about Rs 2,000 crore.

IL&FS gets approval to sell China road asset

IL&FS gets approval to sell China road asset Justice Jain has been appointed to supervise the operation of the resolution process undertaken by debt-laden IL&FS. IL&FS IL&FS Group has received Justice (Retd) D.K. Jain s approval for sale of its Chinese road asset - Chongqing Yuhe Expressway Co Ltd (CYEC) to China Merchants & PingAn Infrastructure Phase 1 Equity Investment Fund (Tianjin), a group company of PingAn Insurance Company of China. Justice Jain has been appointed to supervise the operation of the resolution process undertaken by debt-laden IL&FS. The sale of the Chinese road asset will allow IL&FS to settle about Rs 2,600 crore of debt at the group level.

France Homeland Security Market Share, Trend, Opportunity, Affect On Demand By COVID-19 Pandemic And Forecast 2020-2022

France Homeland Security Market Share, Trend, Opportunity, Affect On Demand By COVID-19 Pandemic And Forecast 2020-2022
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