Facebook  Twitter  Linkedin  YouTube
Friday , 19 April 2024

Shortfall loan for Mumbai Trans Harbour Link

The concessionaire for the Mumbai Trans Harbour Link (MTHL) project will get a 10% shortfall loan from the Union government?s empowered committee of the department of economic affairs (DEA). The loan will make the project financially more viable and more bankable. It will also ensure that bankers? debt service obligations are met in case the traffic on the Link falls below 80% of the projected estimate, especially during the first seven years of operation. About 60,000 vehicles are expected to use the Link every day.

Share with: