IL&FS to auction road assets worth Rs 25-30k cr

The seven operating annuity projects include the 9.28km Chenani-Nashri Tunnelway (CNTL), also known as the Patni Top Tunnel, which was inaugurated by the Prime Minister last year and is India’s longest road tunnel. The CNTL project, which has Rs 4,200 crore of term loans and external commercial borrowing, is contractually entitled to receive semi-annuities of Rs 318 crore in September and March every year till the end of the concession period.

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