HUDCO okays ₹9,303.66 crore loan for Tunnel Road project

The Housing and Urban Development Corporation (HUDCO) has issued a loan sanction letter to Bengaluru Smart Infrastructure Ltd (B-SMILE), approving a loan of ₹9,303.66 crore for the construction of the first corridor of the Twin Tunnel Road project (North-South corridor).

HUDCO has instructed the Special Purpose Vehicle (SPV) B-SMILE to furnish the required supporting documents and execute a formal agreement before the loan is operationalised. The North-South corridor, which stretches 16.8 km, is estimated to cost ₹17,780.13 crore.

HUDCO okays ₹9,303.66 crore loan for Tunnel Road project

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