Work on elevated expressway to start next month, The project will be completed in 30 months

February 20, 2006

The stage is set for work on the nine km Bangalore-Electronic City Elevated Toll Expressway Project to start next month. The Rs. 765-crore project, to be implemented by the Consortium of Soma Enterprises Limited, Nagarjuna Construction Company and Maytas Infra Private Limited, will be completed in 30 months.

The consortium members on Friday announced that they were awarded the contract for the construction of the project on the Bangalore-Hosur section of Hosur Road (from km 9.5 to km 18.5) on a Build Operate Transfer (BOT) basis by the National Highway Authority of India (NHAI). The Public Private Partnership project was awarded on a negative grant of Rs. 16 crores, they said.

Written by ITW Editor · Filed Under Default, Investment and Finance