GMR consortium wins Hungund-Hospet highway project

February 15, 2010

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The consortium of GMR Infrastructure (Q,N,C,F) and Oriental Structural Engineers (OSE) has won the prestigious Hungund-Hospet highway project on a build, operate and transfer (BoT) basis through the international competitive bidding route.

GMR Group will hold 51% equity in the consortium and 49% will be held by OSE. The consortium received the Letter of Award from National Highways Authority of India (NHAI) on Feb. 08, 2010. This is ninth highway project of GMR Group after successfully completing six projects as per schedule. Two projects measuring 211 kms are currently under development.

The project measuring 99 kms on NH-13 with an estimated project cost of Rs 17 billion entails designing, engineering, finance, procurement, construction, operation and maintenance of four laning of the Hungund Hospet section in the state of Karnataka. This will ease traffic congestion and provide a tremendous boost to trade and commerce in the state. Apart from reduction in travel time, this development is expected to improve safety levels for travelers since it will be built to world-class specifications.

Several national and international consortia participated in this bidding process in which GMR Group-OSE Consortium was adjudged as the preferred bidder. The project will be implemented through a special purpose vehicle (SPV) set up by the Group which will be signing the concession agreement with the NHAI for a period of 19 years. All activities leading to the concession agreement signing have been initiated.

Commenting on the significance of the project, Srinivas Bommidala-business chairman (Urban Infrastructure and Highways) of GMR Group said, “The project is of strategic importance to us since it provides vital link in the movement of major industrial and tourist traffic across Karnataka. We are delighted to be a part of this development and are keen on ensuring that the project caters to the needs of multiple stakeholders.“

GMR Group had entered the highways business in 2001 by winning two projects with benchmark annuity offer. It has even received an early completion bonus from the NHAI for completing the Tambaram-Tindivanam project in Tamilnadu ahead of schedule. Today, the group has a balanced portfolio of four annuity and four toll projects (toll operations for three projects have already commenced) totaling 630 kms across the length and breadth of the country. All six projects have been completed as per schedule and two are currently under developmental stage.

Shares of GMR Infrastructure declined Rs 0.5, or 0.89%, to trade at Rs 55.55. The total volume of shares traded was 845,260 at the BSE (1.29 p.m., Tuesday).

Source: myiris.com

Written by ITW Editor · Filed Under Uncategorized

6 Comments on “GMR consortium wins Hungund-Hospet highway project” Post your comment

basavaraj (hitnal) on April 10th, 2011 3:16 pm

good move by nhai…. i m very thankfull to there work…
amogh.v chikkmath on September 5th, 2011 2:43 pm

Dear Sir,
As the people of HOSPET are not getting the proper facilites due to the project of roads we are not those getting facilites and project is also slow in procces the farmers who are in agricultural field also in bussines property there were much sufferd .As soon as possible please clear it fast.

From,
Amogh.V.CHIKKMATH
devendrakumar on August 7th, 2012 8:42 pm

you have constructed very good high way which is tecnically good i.e in terms of camber ,curve radius,stopping distance parameters were finely adopted i am a consulting civil engineer fully satis fide i am keenely intrested in seeing tecnial structural drawings i hope you will send the drawings
my contact no 94483-35727
Abrar hussain on May 13th, 2015 5:28 pm

sir, you have constructed very good highway with technically based tunnel near hospet for that recovery based principle in collection through toll plaza is not in accordance with as per the agreement between u & THAI nor as per THE NATIONAL HIGHWAYS (RATE OF FEE) RULES, 1997
S. No.Type of vehicle Rate
1. Car or Jeep or Van Rs. 0.40 per km
2. Light commercial vehicles Rs. 0.70 per km
3. Truck or Bus Rs. 1.40 per km
4. Heavy construction machinery and earth moving equipment Rs. 3.00 per km But u are collecting illegally from non user of vehicle in NH 13. Establish ment of Hittinal IIend Tollgate in NH 63 is within 5 k m is against the law DC.Koppal has already directed to shift Toll Plaza to Hos pet.
So U are collecting forcibly from public with out provoiding service.The decision in WP NO 102472/2015 dated 29th day April not useful to GM R co,
Peera Hussain Hosahalli Advocate on April 27th, 2017 9:36 am

sir, you have constructed very good highway with technically based tunnel near hospet for that recovery based principle in collection through toll plaza is not in accordance with as per the agreement between u & THAI nor as per THE NATIONAL HIGHWAYS (RATE OF FEE) RULES, 1997
S. No.Type of vehicle Rate
1. Car or Jeep or Van Rs. 0.40 per km
2. Light commercial vehicles Rs. 0.70 per km
3. Truck or Bus Rs. 1.40 per km
4. Heavy construction machinery and earth moving equipment Rs. 3.00 per km But u are collecting illegally from non user of vehicle in NH 13. Establish ment of Hittinal IIend Tollgate in NH 63 is within 5 k m is against the law DC.Koppal has already directed to shift Toll Plaza to Hos pet.
So U are collecting forcibly from public with out provoiding service.The decision in WP NO 102472/2015 dated 29th day April not useful to GM R co,
Peera Hussain Hosahalli Advocate on April 27th, 2017 9:38 am

sir, you have constructed very good highway with technically based tunnel near hospet for that recovery based principle in collection through toll plaza is not in accordance with as per the agreement between u & THAI nor as per THE NATIONAL HIGHWAYS (RATE OF FEE) RULES, 1997
S. No.Type of vehicle Rate
1. Car or Jeep or Van Rs. 0.40 per km
2. Light commercial vehicles Rs. 0.70 per km
3. Truck or Bus Rs. 1.40 per km