ECB for Maintenance and Operation of Toll systems for Roads and Highways
ECBs would also be allowed for capital expenditure under the automatic route for the purpose of maintenance and operations of toll systems for roads and highways provided they form part of the original project.
All other aspects of the ECB policy, such as, maximum permissible limit under the automatic route, eligible borrower, recognised lender, average maturity, all-in-cost, prepayment, refinancing of existing ECB and reporting arrangements shall remain unchanged.
Ref-RBI/2011-12/519-A. P. (DIR Series) Circular No. 111 dated April 20, 2012
For more clarification and details , please contact rvseckar2007@gmail.com or 09848915177
Regards
R.V.Seckar
ECBs would also be allowed for capital expenditure under the automatic route for the purpose of maintenance and operations of toll systems for roads and highways provided they form part of the original project.
All other aspects of the ECB policy, such as, maximum permissible limit under the automatic route, eligible borrower, recognised lender, average maturity, all-in-cost, prepayment, refinancing of existing ECB and reporting arrangements shall remain unchanged.
Ref-RBI/2011-12/519-A. P. (DIR Series) Circular No. 111 dated April 20, 2012
For more clarification and details , please contact rvseckar2007@gmail.com or 09848915177
Regards
R.V.Seckar
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