Infrastructure sector projects by Gujarat International Finance Tec-City in Gandhinagar
Project Information
6052
Gujarat International Finance Tec-City
GIFT City project- has achieved financial closure for the first phase of infrastructure development.
The estimated cost of various infrastructure in Phase I of the project is Rs 1818 crore. This cost is to be funded by debt of Rs 1157 crore and balance Rs 661 crore by equity and internal accruals over the next three years, stated an official release here on Tuesday.
The debt requirement for developing Phase-I infrastructure of GIFT City of Rs 1157 Crore has been tied up with consortium of five banks led by Syndicate Bank. The other consortium banks are Bank of India, Bank of Baroda, Punjab & Sindh Bank and Corporation Bank.
The funds will be utilized for developing the state of the art infrastructure planned for the city which includes Road Network, District Cooling System, Automated Solid Waste Management system, Utility Tunnel, Smart ICT, Master Balancing Reservoir, Water and Sewerage treatment plant, Power distribution system and other infrastructure components.
Project Value
INR 1157 Crore /-
Financial Closure Achieved
Gandhinagar
Gujarat
India
Infrastructure
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