Anahera Investment to provide fund for Ganga Six-Lane Expressway Project (Phase I)

Anahera Investment Private Limited, an affiliate of GIC Private Limited, is likely to provide funds worth Rs 10,450 million as equity for the Gan­ga Six-Lane Expressway Project, Phase I. Besides, the first tranche of Rs 5,332 million has been invested as equity. The total investment from IRB Infrastructure Developers Limited and GIC Private Limited is estimated at Rs 21,330 million (Rs 2,719 million from IRB and Rs 2,612.9 million from GIC affiliate, making the equity stake holding of IRB and GIC 51 per cent and 49 per cent respectively). Further, IRB will act as the project manager and is expected to receive Rs 52,790 million for engineering, procurement and construction (EPC) and Rs 5,180 million for O&M during the concession period.