A major highway deal has been agreed for a road project in Gujarat, India, worth an estimated US$810.8 million.
It will be handled under the build, finance, operate and transfer basis and will involve upgrading and widening to six lanes a 102km section of National Highway 8 (NH-8) from Ahmedabad-Vadodara.
The project also includes upgrading 92km of the existing Ahmedabad-Vadodara expressway.
Work is expected to take three years to complete, and the 25-year concession deal for the project has been agreed between IRB Ahmedabad Vadodara Super Express Tollway unit of2700 IRB Infrastructure Developers and the 292 National Highways Authority of India (NHAI).
In another development, a joint venture is being established comprising3063 Ennore Port, L&T Ship Building and 2701 Tamilnadu Industrial Development Corporation (TIDCO) for construction of a 25.5km road project to connect Kattupalli port and Ennore port in Chennai.
The road will be constructed on a build, operate and transfer basis at a cost expected to be around $81.5 million.
It will be handled under the build, finance, operate and transfer basis and will involve upgrading and widening to six lanes a 102km section of National Highway 8 (NH-8) from Ahmedabad-Vadodara.
The project also includes upgrading 92km of the existing Ahmedabad-Vadodara expressway.
Work is expected to take three years to complete, and the 25-year concession deal for the project has been agreed between IRB Ahmedabad Vadodara Super Express Tollway unit of
In another development, a joint venture is being established comprising
The road will be constructed on a build, operate and transfer basis at a cost expected to be around $81.5 million.
