Project Finance in Infrastructure
Domestic and overseas entities look to MVKini for advice when financing global and domestic infrastructure projects. The Firm also advises and represents leading banks and financial institutions investing in the infrastructure sector. The Firm has a team of knowledgeable solicitors who draft and vet loan agreements, security trustee agreements, inter-creditor agreements, deeds of guarantee, mortgage deeds, hypothecation deeds, assignment deeds, trust and retention account agreements and escrow agreements, among other such documents.
Key transactions
MVKini's pan-India presence places it uniquely to advise NHAI on a public private partnership basis across most of India's 29 states and 7 Union Territories. The Firm has advised financial consultants, banks and consortia and state governments, across some or all, on Design, Build, Finance, Operate and Transfer patterns (DBFOT). The Firm has advised on and/or drafted financing documents totalling more than Rs. 2,238 crores (US$414 million), across more than 10,775 kilometre lanes.
The Firm drafted project finance documents for leading nationalised bank and a consortium of three banks for credit facilities aggregating to Rs.1,318 crores (US$244 million) to a Government agency secured by Hypothecation of Moveable Properties, charge and assignment rights under Project Agreements, monies lying in Escrow Account and Debt Service Reserve Account and Rights under Insurance Policies other than Project Assets.
The Firm worked with a leading accounting firm to advise NHAI on the design, engineering, construction, development, finance, operation and maintenance of the Ghaziabad to Aligarh section of NH-91 in Uttar Pradesh.
Advised NHAI on the development, design, engineering, financing, procurement, construction, operation and maintenance of the 6.1 km long integrated six-lane suspended second Vivekananda Bridge across River Hooghly along with the approaches from both Howrah and Kolkata in West Bengal on Build, Operate and Transfer ("BOT") basis.
Key People
M.V. Kini,
Ravi Kini,
IPS Oberoi and
B.D. Bhandari.
