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 for the project and the loan agreements were executed with consortium of banks on December 15.
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