Sai Maatarini Tollways Limited (SMTL)



Sai Maatarini Tollways Limited is an SPV incorporated for the purpose of Four Laning of Panikoili – Rimuli Section of NH-215 from Km 0.000 to Km 163.000 (Design Length 167.173 Km) in the State of Orissa under NHDP Phase-III as BOT (Toll) project on Design, Build, Finance, Operate and Transfer “DBFOT” Pattern. The Concession Agreement was signed with NHAI in September 2011 and Concession was granted for 24 years (2.5 Years Construction Period and 21.5 Years Operations Period). The SPV has the right to collect Toll from the users of the Road during the operations period.

The Project has achived provisional COD on 8th August, 2017 and started Toll collection from 17th August, 2017.

Project Details Location
Project Linking Panikoili – Rimuli section of NH-215 from Km 0.00 to Km 163.00
Granting Authority National Highways Authority of India
State Odisha
Project Length(km) 166.20
Concession Period 24 Years
Concession Ends 1st May, 2037
Toll/Annunity Toll
Scope Of Work 4 laning
GHL Stake 100%
CA Signing Date 28 Sep 2011
Appointed Date 2 May 2013
PCOD 8 Aug 2017
As per lenders sanction terms
Project Cost (Rs Crores) 2,306.16
Equity(Rs.Crores) 360.32
Senior Debt (Rs.Crores) 1397.35
Grant (Rs.Crores) 548.49
Annuity per annum (Rs.Crores) -
Current status Operational, started generating Toll Revenue from August 2017
Extension of Concession period The company is eligible for extension of concession period.