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Construction : Transport Update | October 2015 | Source : CW-India

First divestment under exit policy for highways

NHAI has allowed 100 per cent divestment of shareholding of the concessionaire of the four-laning of highway project Ulundurpet-Padalur section of NH-45 in Tamil Nadu. The move will allow the highway developer to invest proceeds from the sale of divested equity in incomplete projects or to retire their debt to financial institutions. This will result in physical completion of languishing infrastructure projects.

Contact: NHAI.

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