IRB Infrastructure today said that IRB Talegaon Amravati Tollway Pvt Ltd and IRB Goa Tollway Pvt Ltd--wholly owned subsidiaries of the company--have achieved financial closure in terms of the concession agreement executed with National Highways Authority of India (NHAI), by tying up of debt of Rs 475 crore and Rs 300 crore respectively.
A consortium of lenders comprising of Infrastructure Development Finance Company Ltd. (IDFC) and Canara Bank, Bank of Baroda and Union Bank of India have financed the projects, it said. IDFC has financed Rs 380 crore in aggregate for these two projects while remaining part has been financed by other banks of the consortium.
