(ADPnews) - Aug 27, 2010 - Indian rating agency CARE on Thursday assigned its BBB- rating to the long-term bank facilities of Mahakaleshwar Tollways Private Ltd.
The company was set up in 2008 to run a 49 km road stretch on a Build, Operate and Transfer (BOT) - toll basis.
The rating takes into account availability of substantial Right of Way (RoW), fixed-price nature of Engineering, Procurement and Construction (EPC) contract and sponsor undertakings to fund cost overrun. The rating is further supported by the significant progress on …
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