Financial closure achieved for Package IV of Chittoor-Thatchur Six Lane Highway Project

Chittoor Thatchur Highway Private Limited, a wholly owned subsidiary of IRB Infrastructure Developers Limited, has achieved financial closure for Package IV of the Chittoor-Thatchur Six Lane Highway project. It involves the construction of a 20.06 km long six-lane highway from 96.04 km to 116.1 km connecting Pondavakkam and Kannigaipair at an estimated cost of Rs 9,090 million. The project involves a grant of Rs 3,636 million from the National Highways Authority of India (NHAI), an equity of Rs 1,160.4 million from the company and project financing of Rs 4,293.6 million from the lenders.