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Highway Equipment Finance Project: Report and Recommendation of the President

Reports and Recommendations of the President | June 2019

This funding, a senior secured debt financing facility, will be used to purchase new construction equipment and machinery GR Infraprojects Limited (GRIL) for the Highway Equipment Finance Project in India. The project will help increase GRIL’s execution capacity, and the ADB funding will enable the company to access medium term financing in a domestic environment where such financing is becoming scarce for companies operating in core infrastructure sectors. GRIL is an engineering, procurement, and construction contractor and developer of roads and highways and supports the investment plans of the Government of India in the roads subsector.

The report and recommendation of the President to the Board of Directors (RRP) document describes the terms and conditions of a project for consideration and approval by ADB's Board of Directors.

This document dated June 2019 is provided for the ADB project 52371-001 in India.

Linked Documents

  1. Sector Overview
  2. Client Information
  3. Details of Implementation Arrangements
  4. Contribution to the ADB Results Framework
  5. Financial Analysis [Withheld from Public Disclosure in accordance with the Access to Information Policy (para. 17 {iv})]
  6. Economic Analysis [Withheld from Public Disclosure in accordance with the Access to Information Policy (para. 17 {iv})]
  7. Country Economic Indicators
  8. Summary Poverty Reduction and Social Strategy
  9. Environmental and Social Management System: Audit Findings and Details of Arrangement