Austria’s OeEB lends 13 mn euros for Namami Gange's STP in Bengal
WATER & WASTE

Austria’s OeEB lends 13 mn euros for Namami Gange's STP in Bengal

Austrian Development Bank Oesterreichische Entwicklungsbank AG (OeEB) has lent 13 million euros for a Namami Gange's sewage treatment project (STP) in West Bengal.

Oesterreichische Entwicklungsbank AG (OeEB) has presented the complete amount as a loan making it the first European DFI lending for National Mission for Clean Ganga (NMCG's) Hybrid Annuity Model (HAM) projects.

The water utility firm implementing the project, Vishvaraj Environment Pvt Ltd (VEPL), told the media that it has received the loan for Namami Gange's sewage water treatment for Maheshtala in South 24 Parganas district in HAM and public-private partnership (PPP) model.

The project cost is to be financed by a mix of NMCG Grant, Equity, and Debt, with the total project debt of over Euro 13 million to be financed by OeEB, and Deloitte is the financial advisor for this loan transaction.

VEPL, through its subsidiary Maheshtala Waste Water Management Pvt Ltd (MWWMPL), had earlier inked a Rs 273 crore HAM concession deal under the Namami Gange programme administered by the NMCG with Kolkata Metropolitan Development Authority (KMDA ) for designing, financing, building the sewage treatment plants, pumping stations and other associated infrastructure at Maheshtala.

The municipal wastewater management market on hybrid annuity-based PPP mode (HAM) is maturing with the rising participation of bidders in every project. The company is happy to note the Development Bank of Austria's funding for this project which signifies the growing credibility of the HAM model, NMCG Director-General G Asok Kumar said.

Member of OeEB's Executive Board Sabine Gaber said Clean water is essential for human health, climate, environment, biodiversity and agricultural productivity, and food security.

The company is therefore happy to help this important project that contributes to the Clean Ganga programme of the Indian Government, Gaber said.

Image Source

Also read: Patna’s sewerage projects under Namami Gange to be completed by 2023

Austrian Development Bank Oesterreichische Entwicklungsbank AG (OeEB) has lent 13 million euros for a Namami Gange's sewage treatment project (STP) in West Bengal. Oesterreichische Entwicklungsbank AG (OeEB) has presented the complete amount as a loan making it the first European DFI lending for National Mission for Clean Ganga (NMCG's) Hybrid Annuity Model (HAM) projects. The water utility firm implementing the project, Vishvaraj Environment Pvt Ltd (VEPL), told the media that it has received the loan for Namami Gange's sewage water treatment for Maheshtala in South 24 Parganas district in HAM and public-private partnership (PPP) model. The project cost is to be financed by a mix of NMCG Grant, Equity, and Debt, with the total project debt of over Euro 13 million to be financed by OeEB, and Deloitte is the financial advisor for this loan transaction. VEPL, through its subsidiary Maheshtala Waste Water Management Pvt Ltd (MWWMPL), had earlier inked a Rs 273 crore HAM concession deal under the Namami Gange programme administered by the NMCG with Kolkata Metropolitan Development Authority (KMDA ) for designing, financing, building the sewage treatment plants, pumping stations and other associated infrastructure at Maheshtala. The municipal wastewater management market on hybrid annuity-based PPP mode (HAM) is maturing with the rising participation of bidders in every project. The company is happy to note the Development Bank of Austria's funding for this project which signifies the growing credibility of the HAM model, NMCG Director-General G Asok Kumar said. Member of OeEB's Executive Board Sabine Gaber said Clean water is essential for human health, climate, environment, biodiversity and agricultural productivity, and food security. The company is therefore happy to help this important project that contributes to the Clean Ganga programme of the Indian Government, Gaber said. Image Source Also read: Patna’s sewerage projects under Namami Gange to be completed by 2023

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?