AP: India – JP Infratech signs road loan
JP Infratech of the JP Group has raised a Rs60bn debt facility to finance the Rs90bn Taj Mahal Expressway. The loan, which has a 15-year tenor, was arranged by Axis Bank, ICICI and SBI Capital. Signing was on January 11. The expressway is a 160km PPP project with a 30 year concession.
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