IDFC rules out early takeover of e-way project, cites outstanding issues

by Paul Joseph on February 10, 2013 · 0 comments

Gurgaon: Commuters are once again poised to be the biggest losers amidst the talks of takeover of the Delhi-Gurgaon expressway project by the lead banker, IDFC, from the present concessionaire, Delhi-Gurgaon Super Connectivity Ltd (DGSCL). This is in stark contrast to the general belief that IDFC will start managing the expressway now that the NHAI has given its approval to IDFC’s purchase of 74% stake in the project. In an exclusive interview to TOI, Rajiv B Lall, vice-chairman & managing director, IDFC, clarified that the approval did not ipso facto imply that the company had taken over the project and started managing the expressway. Lall said, “The NHAI board gave

[via India Properties - Real Estate India - Indian Property News Site]

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