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ROADWAYS

Pact inked for Jaipur Ring Road

By PV News Bureau, Wednesday, July 06, 2011, 11:45 Hrs  [IST]
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Category: Roadways Tags: AFII Corporate Advisors, JDA, Sanjose Supreme Tollways Development, Supreme Infrastructure India

Untitled - 5.jpgAFII Corporate Advisors Ltd, a boutique investment bank focused on advising Indian & Foreign infrastructure companies on mega projects, recently announced that its client has successfully signed the concession agreement with the Jaipur Development Authority (JDA) for the 47-km long Jaipur Ring Road project.

According to a spokesman of AFII, the concessionaire - Sanjose Supreme Tollways Development Private Ltd, a JV between Mumbai based infrastructure company, Supreme Infrastructure India Ltd, and the Spanish infrastructure bigwig Constructora San Jose, S.A., signed the agreement at the JDA office in Jaipur recently. The concession period for the project is 28 years, including a three year construction period. The estimated cost of the project is `11 billion.

AFII is advising Constructora San Jose, S.A. on the project, while its integrated law firm, AFII Legal has been responsible for various agreements between the JV partners leading to the successful conclusion of the concession agreement with JDA.
 
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