PNC Infratech has announced that for two Hybrid Annuity Mode (HAM) projects, namely Kanpur-Lucknow Expressway Package I & II, the respective SPVs, viz. Kanpur Lucknow Expressway, Awadh Expressway, which are wholly owned subsidiaries of the company, submitted the duly executed funding documents to NHAI on October 7, 2022.

Kanpur Lucknow Expressway: [Six lanes upgradeable to Eight lanes of Kanpur Lucknow Expressway including spur from Km 10+980 to Km 28+500 in Uttar Pradesh state under Bharatmala Pariyojana on Hybrid Annuity mode (Pack-l)]. The cost of the bidding project is Rs1413 crore.

Awadh Expressway: [Six lanes upgradable to Eight lanes of Kanpur Lucknow Expressway including spur from Km 28+500 to Km 73+744 in Uttar Pradesh state under Bharatmala Pariyojana on Hybrid Annuity mode (Package-2)]. The cost of the bidding project is Rs1513 crore.

“The above duly executed documents have been submitted within the deadlines set out in the respective concession agreements and have requested the Authority (NHAI) to confirm the financial closures for the above projects,” the company said in a regulatory filing.