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News Entry# 289200
  
Dec 20 2016 (18:57)  GRICL to build 8 Railway Over-bridges for Rs.251 crore (www.railnews.co.in)
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News Entry# 289200   Blog Entry# 2097685     
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Posted by: Yuva Rahul^~  108 news posts
New Delhi: Gujarat Road and Infrastructure Company Ltd. (GRICL) Rail Bridge Development, a wholly-owned subsidiary of IL&FS Transportation Networks, today said it will build eight railway over-bridges in Gujarat at an estimated cost of Rs 250.85 crore.
GRICL Rail Bridge Development Company Ltd, a special purpose vehicle, is mandated for undertaking the development of eight railway over-bridges (ROBs) under PPP mode on annuity basis by the R&B Department, Gujarat, it said in a BSE filing.
IL&FS Transportation Networks said the financial tie up of loans aggregating to Rs 188 crore has been achieved
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for the project and the loan agreements were executed with consortium of banks on December 15.
“The project is on annuity basis with a concession period of 17.5 years and the estimated cost of the project is Rs 250.85 crore. The semi-annual annuity payable will be Rs 21.99 crore for a period of 15 years,” it said.

  
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Dec 20 2016 (19:01)
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