Cube Highways and Infrastructure has entered into a Rs 3,500 crore agreement with the State Bank of India (SBI) to purchase the third bundle of toll-operate-transfer (TOT) road assets auctioned by the National Highways Association of India (NHAI). Cube’s new agreement with SBI for a 20-year loan facility with an interest of 8 percent is among the largest financings in India’s road sector.
Cube Highways signs Rs 3,500 crore loan agreement with SBI to buy NHAI toll roads: Report
Date posted: Thursday 10 September 2020