IRB Infrastructure achieves financial closure for Group I of Ganga Expressway project

Meerut Budaun Expressway Private Limited has achieved financial closure for Group I of the Ganga Four-Lane Expressway Project (Phase I). The financial closure has been achieved at a project cost of Rs 65.38 billion. The equity infusion by the IRB Infrastructure Trust is Rs 21.33 billion while Rs 26.59 billion is the financial support from the consortium of lenders. The viability gap funding for the project is Rs 17.46 billion.